I haven't gotten slapped around like this in a while ! Damn you market lol..
First trade was handled very poorly !
-Got short small size 2.80s average thinking this was a gap n crap.. I let it ride to 3.50s added a few waiting for backside but when my loss was minimal I got out in hopes of getting a second chance.
-From now on after I put it my starter size, if the ticker makes a new high I exit the trade with a minimal loss and re evaluate the chart and stay alert for another valid setup !!!
Second trade was a long ... here we go ...
-Went long starter size at 3.30s as the 3s held and this had already traded twice its float so could run some more...
-2 minutes later big epic stuff right thru 3s so I stop out at 2.92....
so now im thinking okay this actually might just fade after that big bearish
candle/3 test....Wrong !
Third trade I got short..
-Went short starter size with a 2.95 average... 2 seconds later of course it remounts 3 o/u.
I decide to be patient since I had already gotten burned twice but price spiked over 3.20s
so I move my stop to just over the last swing high and of course got stopped out minutes
later...
Pretty frustrating day but It was all kind a chain reaction caused by my first poor decisions/trade..
This just goes to how little room there is for error/ bad decision making ..
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-14 09:32:45 | RPRX | sell | $2.830 | short |
2016-04-14 09:36:25 | RPRX | sell | $2.680 | short |
2016-04-14 09:47:16 | RPRX | sell | $3.070 | short |
2016-04-14 10:01:28 | RPRX | sell | $3.080 | short |
2016-04-14 10:03:14 | RPRX | buy | $3.020 | 0 |
2016-04-14 10:24:47 | RPRX | buy | $3.310 | long |
2016-04-14 10:33:31 | RPRX | sell | $2.910 | 0 |
2016-04-14 10:36:35 | RPRX | sell | $2.950 | short |
2016-04-14 11:12:03 | RPRX | buy | $3.270 | 0 |
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