Paper Trade. Decent setup. I didn't really like the large topping tail at the top of the setup climb and there was already a false breakout. So those two things made me doubt the ability for it to break out. But got in at the break and took half out at a 10 cent gain. Then almost immediately it started to pullback and dance around. So I just dumped it. Looking back at what it actually was able to do on that climb (it went all the way to $6.70 without even touching the 9EMA after this candle) it makes me second guess my anxiousness on the stock. But even if I made it through this candle, I doubt I would have hung in there that long. It repeatedly presented pullback candles during the climb but never broke down. I would have gotten out during the next pullback (10 minutes later) and probably gotten the same result. I'm happy with another profitable trade at this point.
To see todays trades, including this one, here is a link to the video.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-26 10:56:23 | RAIL | buy | $5.620 | long |
2021-03-26 10:58:47 | RAIL | sell | $5.720 | long |
2021-03-26 10:59:00 | RAIL | sell | $5.690 | 0 |
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