Small profit 0.3R.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-17 10:16:00 | AERI | buy | $30.250 | long |
2015-09-17 10:23:00 | AERI | sell | $30.490 | long |
2015-09-17 10:24:00 | AERI | sell | $30.470 | 0 |
After I entered, I noticed there was resistance intraday and on the daily chart where I bought... it's not visible here in this small daily chart. The first candle being red also made me nervous, because stocks that gap up into resistance and the first candle is red, tend to fade all morning. So I decided to get out. I later watched the videos I shared with you aswell and they talk about this setup there and it's a short setup.
The real question here is why I entered in the first place, lol. I guess it's because I didn't notice the resistance on the daily chart.
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i like the higher low entry on the 5min.. can i ask what your reason for the quick sell was? just didnt like the quick pop on the next candle after your buy?