Intraday long attempt #2. Bad trade management. Stock is up over 50% and you have less than 30 minutes to close. Risk reward was not there. Also should have reduced size.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-08-29 15:35:51 | SPU | buy | $9.490 | long |
2016-08-29 15:45:41 | SPU | sell | $9.330 | 0 |
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use the 5 min chart here in afternoon
stock looks great on the daily chart. however, your entry on the intraday chart is at an extended level....stocks like this are best in the morning early, first two bull flags of the day are best