Grade=D
P/L= +0.4R
Entry: flag on 3m chart
Result: I got out quickly with a tiny gain and was trading nervously.
Lesson: I was trying to trade calmly after some previous losses. I need to decide if I'm scalping or not and if I am, I should take off the whole position in order to lock in the full gain from the scalp. Best to stay away from this type of trading.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-21 12:22:01 | UVXY | buy | $48.190 | long |
2016-01-21 12:22:37 | UVXY | sell | $48.490 | long |
2016-01-21 12:26:17 | UVXY | sell | $48.250 | 0 |
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