What went wrong?
I think should have gotten in with smaller size and not averaged down. I didn't define my risk properly.
Also bought the breakout and did not buy dips. So high risk.
There was daily resistance from May at around 5. I bought at 4.75, I could have waited for it to get over it.
Combination of errors resulting in biggest loss of the week.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-07-09 08:11:21 | GALT | buy | $4.750 | long |
2021-07-09 08:16:35 | GALT | buy | $4.600 | long |
2021-07-09 08:20:56 | GALT | sell | $4.330 | 0 |
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