I need to stop taking unnecessary losses by placing my stops too tight. I was stopped out of this trade because my stop was 4c to tight. The reason that my stop was incorrectly placed was because I used a 1m chart for reference. Stick to the 5m charts!
This trade would have been an 8R play.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-12-15 10:51:53 | LL | buy | $16.940 | long |
2015-12-15 10:59:25 | LL | buy | $16.940 | long |
2015-12-15 11:01:49 | LL | sell | $16.750 | 0 |
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