Good- Entered on pullback to support and placed stop two cent below. Sold at old support, which became new resistance. Upon, selling the first half I moved my stop up to the original buy price to eliminate all risk.
Bad-
Lesson- Risk management is the key to being a great trader.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-05-31 13:59:00 | ECR | buy | $2.750 | long |
2016-05-31 14:33:00 | ECR | sell | $2.780 | long |
2016-05-31 14:47:00 | ECR | sell | $2.750 | 0 |
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