Horrible position sizing even though I went in smaller after the last trade. Didn't consider R:R. Had a good entry at $84.32. Stock was holding in a range and staying above the major price level $84.12. There was even a green candle that put in a wick that was very quickly bought up showing that there were buyers below that price level, so I went long. I thought it would break above the 9MA and I was trying to anticipate and get in early at a low price. Broke down & I got out. Wanted to short, had several good short entries but TOS was Rejecting my short orders. Got in again long in what looked like a range but it broke down instead of going long. Stopped out. This loss is Double my max daily loss.
*I have been feeling more comfortable on the 5 min charts than on the 1 min though so I am getting back used to the 1 min. I did look at the Bid & Ask prices as Paul suggested.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-07-12 10:39:30 | DWTI | buy | $84.320 | long |
2016-07-12 10:41:12 | DWTI | sell | $83.990 | 0 |
2016-07-12 10:56:04 | DWTI | buy | $83.660 | long |
2016-07-12 11:02:36 | DWTI | sell | $83.260 | 0 |
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