Tags:
The first lot was purchased as it ripped above the previous pivot high of .
Plan:
Strategy: Pivot one 1' chart, then bbb after 2R.
Entry Signal: Breakout past previous HOD 1.35
Stop Entry: market order entry
Actual Entry: 1.3551 (Splippage xxx cent)
Stop Loss @ : 9.5 cents (1.26)
Exit : 1.35 (-0.51 cents)
R:-0.05R
What Made me break strategy: Saw A topping candle at 1.4, Raised my stop loss up to the two previous bars low, and the 4th bar at 9:51 pm tapped me out.
I tried getting back in the second time, but It pretty much sold off @ 9.52 and made me lose close to 10 cents within 20 seconds.
If I would have done a 2R set it and forget it strategy. I would have not reached the target since the next candle got up to 1.42 (0.89R) @ 9:52amsold.
This was a bad entry. Something happened at 9:52 that caused the stock to sell of to 1.38 in that same minute ( -15 cent range)
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-04-05 09:47:51 | NAOV | 100 | $1.355 | 100 |
2021-04-05 09:51:26 | NAOV | -100 | $1.350 | 0 |
2021-04-05 09:52:35 | NAOV | 7 | $1.400 | 7 |
2021-04-05 09:52:35 | NAOV | 3 | $1.400 | 10 |
2021-04-05 09:52:35 | NAOV | 90 | $1.400 | 100 |
2021-04-05 09:52:54 | NAOV | -100 | $1.311 | 0 |
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