Tags:
Rvol:66
Float: 7.4M
Market Cap:46 MM
Short Float 0.28%
Catalyst: Chinese Stocks momentum, not specific catalyst
The set-up: Double Top Breakout
What I did Right: Bought the Double Top Breakout
What I did Wrong: Did not have a 2R target Limit order in place. Cost me an entire R.
Where I could improve:Set a 2R target hard in the system. I was in a meeting, and I could hve taken home an additional R.
Trade grade:B
-------------------------------------
Big-picture:Caught this one in my scanner. Set my stoploss below support. Could have also placed it closer to the igniting candle.
Trade parameters:2.13 x 1.80
Entry:
Trade Management: Let it run, should have had a stop in place.
Exit
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2023-01-05 10:57:27 | MEGL | 76 | $2.130 | 76 |
2023-01-05 11:15:14 | MEGL | -76 | $2.460 | 0 |
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