Small losses on this gapper. First 2 trades were good. The next couple ones were good in that I cut my losses as my risk are hit. Just need to be more selective of my trades.
Small Trades. Trying to get consistency. What I learn from this trade is to not to dip buy anything that was falling. It may better work for the first crash but not for the second if the first bounce made a lower higher and no higher low, meaning no ABC. Dip buying a downtrend is a recipe for disaster. Let the trend break and enter on the higher low, risking the previous low. The trend break work phenomenally at the bounce from 7.60s to 8.90s.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-08 08:49:29 | FTFT | buy | $8.870 | long |
2021-01-08 08:50:49 | FTFT | sell | $9.290 | long |
2021-01-08 08:52:37 | FTFT | sell | $8.961 | 0 |
2021-01-08 08:56:07 | FTFT | buy | $9.439 | long |
2021-01-08 09:01:34 | FTFT | sell | $9.870 | long |
2021-01-08 09:03:07 | FTFT | sell | $9.242 | 0 |
2021-01-08 09:05:48 | FTFT | buy | $9.390 | long |
2021-01-08 09:10:58 | FTFT | sell | $8.821 | 0 |
2021-01-08 09:20:42 | FTFT | buy | $8.280 | long |
2021-01-08 09:23:39 | FTFT | sell | $7.960 | 0 |
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