Shared by
wolfgtweb
Good setup. Immediate failure. Got in off of a bull-flag breakout but the movement was choppy. It immediately pulled back and stopped me out before actually making the move. In at 4.52 and stopped out at 4.42.
To see todays trades, including this one, here is a link to the video.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-16 10:14:40 | ENZ | buy | $4.520 | long |
| 2021-03-16 10:14:40 | ENZ | buy | $4.520 | long |
| 2021-03-16 10:14:40 | ENZ | buy | $4.520 | long |
| 2021-03-16 10:14:40 | ENZ | buy | $4.510 | long |
| 2021-03-16 10:14:40 | ENZ | buy | $4.520 | long |
| 2021-03-16 10:14:40 | ENZ | buy | $4.520 | long |
| 2021-03-16 10:14:40 | ENZ | buy | $4.520 | long |
| 2021-03-16 10:14:49 | ENZ | sell | $4.420 | long |
| 2021-03-16 10:14:49 | ENZ | sell | $4.430 | long |
| 2021-03-16 10:15:59 | ENZ | sell | $4.420 | 0 |
Comments
wolfgtweb
It stopped me out of half my position, then it gained a bit of strength back to my entry but again pulled back. If you saw the video, what the video does not show is that a minute later it dumped all the way back to the 9EMA before it began to climb. So if I didn't dump it, the rest would have stopped out anyway. The healthy pullback occurred before I got in. It should have climbed from my entry. It pulling back after that was not expected. Maybe I should rethink my stop positions.
whitepanther
Decent entry. That pull back did seem to maybe catch you off guard. Decreasing position size and expanding SL placement can help if your trades are getting choked out. Cheers.
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I think you had a solid entry. Not sure why you bailed on the trade. The pullback was a healthy bullback in my opinion. To go from 4.20 to break HOD without any pullback at all is asking a lot.