Shared by
fegin
Was watching stock in 5 min candle. I was planning to play the first pullback.
I tough i saw a confirmation for it but there wasn't.
First of all, there was no clear indication for a real pullback because there is no clear trend on the downtrend. I just took a random position on the first green candle that I saw. Furthermore as we can see on the chart this is clearly a short setup. I didn't realised that I was playing a dead cat bounce.Once the entry was made I should have take all y profit in the peak of the bounce but there was no real move to do on that stock in the first place.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-03-30 11:03:05 | DRWI | buy | $3.860 | long |
| 2016-03-30 11:20:22 | DRWI | sell | $3.960 | long |
| 2016-03-30 11:40:48 | DRWI | sell | $3.800 | 0 |
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