Should have realized that the wash out in premarket was a clear sign for a short play.
Got delay in my order so when I got in I had already realized that the stock wouldn't breakout. As soon as i saw the price going higher then my entry price I sold. I should have seen that on daily chart the stock was hiting a resistance level at 5,50.
Second trade was stupid I hope for a second the stock was breaking out..... Emotional trading
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-31 09:31:00 | GNCA | buy | $5.440 | long |
2016-03-31 09:31:37 | GNCA | sell | $5.590 | 0 |
2016-03-31 09:32:44 | GNCA | buy | $5.230 | long |
2016-03-31 09:33:16 | GNCA | sell | $5.220 | 0 |
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