2R
ENTRY: I saw the price pulling back to the support level visible on the 15-min chart. The levels were $16.18 and $16.20. I set a limit order to execute under $16.30 with a stop under the support level at $16.16.
I would've been able to get a better entry if I had set the limit order under $16.22, but I had FOMO. The price pulled back all the way to $16.18.
EXIT: I exited when the price had pulled back to the VWAP and seemed extended.
If I had entered at $16.22, with stop at $16.16, my R/R where I exited at $16.58 would've been 6R!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-05 10:36:11 | MXL | buy | $16.300 | long |
2015-11-05 11:13:32 | MXL | sell | $16.580 | long |
2015-11-05 11:56:05 | MXL | sell | $16.570 | 0 |
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