Tags:
Plan:
Strategy: 2R-AON.
Entry Signal: Breakout past previous HOD 7.29
Stop Entry: 7.34
Actual Entry: 7.34 (Splippage 0 cent)
Stop Loss @ : 10 cents (7.24)
Plan Exit@ 20 cents (7.54)
Actual Exit : 7.25 (-8.5 cents)
R: -0.85R
Break Strategy? :I did not break my strategy.
What went wrong? : I should have opened up my stop loss to the lowest point between current entry point and the previous HOD.(7.05 or 7.0), and adjusted my size to maintain risk @ 10usd/trade. @ a 34 cent risk, the stock would need to reach 8.02 to have 2R profit. In this case, it would have reached it and beyond ( peaked at 3.67R).
Learned Lesson: Open up those stop losses, and adjust position size as required.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-04-07 10:38:08 | OCGN | 100 | $7.335 | 100 |
2021-04-07 10:39:37 | OCGN | -100 | $7.250 | 0 |
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