Shared by
LMDTrading
Got in this trade EXTREMELY late on a 2' buy setup. It went about 1.8R before rolling over and stopping me out. Should have been in at 17.00 and I got in at 17.42. Would have hit 2R target had I got in trade when I was supposed to.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-11 10:13:07 | NOVN | buy | $17.420 | long |
| 2021-06-11 10:38:46 | NOVN | sell | $16.800 | 0 |
Comments
LMDTrading
@SpecTraderJMC, I got in the trade late otherwise it would have made target. I should have moved my stop up to breakeven but was occupied looking at another trade. I'm usually using 2 minute and 5 minute off the open. I was using the 1 minute but kind of got away from it. I should have been in the trade at around 16.80 with a stop around 16.30. Would have only needed $1.00 out the trade to make target which it easily did. New trader errors LOL. Live and learn. Happy Trading
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I see. What candles do you use? 1 minute? 5 minute? Both? Looks like you held as it came down to test the 9. What was your target? Surprised you didn't take some profit on the pop over 18 and move your stop up to breakeven instead of VWAP.