Paper Trade. I took two trades on this. I shouldn't have taken either one of these trades. The first trade was about to be a setup, but when it continued the move down instead of giving me a pullback candle, I jumped in. I didn't wait for the setup. The only good thing I did was to stop out.
The second trade was actually the execution of the actual setup. But it didn't work. I entered at the break down at 6.97. It got down to 6.90 but then turned upward. My target was $6. I set my stop at 7.51 which was just above the 20ema. I also figured the half dollar would be a resistance point. It climbed. When it got to 6.40, I figured it would be low risk to add to my position because if it continued up, I would get stopped out shortly. But if it turned down, this add may be close to the top. It hit 6.50 and turned down hard. Once again it found support at $7. I watched it dance around for a bit and decided to get out reducing my loss from $210 down to $50.
To see todays trades, including this one, here is a link to the video.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-22 10:54:16 | SPRT | sell | $7.010 | short |
2021-03-22 11:04:21 | SPRT | buy | $7.220 | 0 |
2021-03-22 11:08:28 | SPRT | sell | $6.970 | short |
2021-03-22 11:16:34 | SPRT | sell | $7.330 | short |
2021-03-22 11:29:44 | SPRT | buy | $7.070 | 0 |
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