Thoughts in Trade - 3rd Tap. Planned on selling some HOD. Stop at .57. Moved Stop to entry after it went up to .77. Stopped out.
Mental State – Don't Remember
Daily Chart - No Particular pattern
IntraDay Pattern – 3rd tap on .80s
Entry - 50.67
Stop - 50.57 - Moved to entry after range tightened.
Size – 100
Why I thought it would work – Range was getting tight. 3rd tap on .80s. Gapped down and had big green day yesterday. Expected it to continue at least to 52 (Prev resistance on daily) or previous HOD.
Factors contributing to it not working - Didn't have a very good daily pattern? It was afternoon and time to pick a side and obviously didn't pick the side I wanted.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-07 13:05:35 | QRVO | buy | $50.670 | long |
2016-11-07 13:33:29 | QRVO | sell | $50.650 | 0 |
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