Went long as it move higher from retracement. Sold too soon because did not apply the 3:1 risk reward ratio. Entry at 2.93, stop loss at 2.75. Risk is 0.18 multiply it by 3 to get 0.54. Add 0.54 to entry price 2.93 = 3.47. Target exit should be at 3.47ish...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-21 10:32:13 | AVEO | buy | $2.930 | long |
2015-05-21 10:34:20 | AVEO | sell | $3.120 | 0 |
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