Shared by
diemo
Big Picture
SPY makes another reversal
Daily
HRTX - After a sell off day yesterday price gaps up.
Idea
An alert has been triggered when price breaks yesterdays low at 17.34
Execution
I saw the price break the level. I wanted to get in at all costs. That's why I startet with a small position. As I needed to stop trading a little later I wanted to make sure I get the most out of my position. So I put the SL closer and closer. Been stopped out. As the price broke through the next level, I entered again. This time without moving the SL too close. Worked!
Rating
6/10
- Good entry with a small position. Didn't added to the position. And put the SL too close. Success on second try.
Chart
Learning
- Better leave trade open and don't set SL too close. A winner is a winner and a looser is a looser. Accept that.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-13 11:08:00 | HRTX | sell | $17.240 | short |
| 2021-05-13 11:47:00 | HRTX | buy | $16.540 | short |
| 2021-05-13 12:12:00 | HRTX | buy | $16.710 | 0 |
| 2021-05-13 12:40:00 | HRTX | sell | $16.520 | short |
| 2021-05-13 13:43:00 | HRTX | buy | $16.260 | 0 |
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