Reason For Entry
Wanted to dip buy this and then test the opening high and breakout to new highs into EOD. I saw a bit of a flag forming intraday so I bought in at support and set a pretty tight stop knowing if it was an actually a trend reversal I didn't want to be in it. It did retrace to the open high but that was it I sold out partially there and waited to see if it would break through that level it did not and I ended up losing on this trade.
Lesson Learned
Take profits when you can and if it doesn't immediately go and break that level, had the right idea to scale out but got greedy and didn't just take the $40 dollar profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-13 12:00:00 | TBIO | buy | $1.350 | long |
2017-01-13 12:00:00 | TBIO | buy | $1.350 | long |
2017-01-13 12:00:00 | TBIO | buy | $1.350 | long |
2017-01-13 12:00:00 | TBIO | sell | $1.520 | long |
2017-01-13 12:00:00 | TBIO | sell | $1.200 | long |
2017-01-13 12:00:00 | TBIO | sell | $1.190 | long |
2017-01-13 12:00:00 | TBIO | sell | $1.170 | long |
2017-01-13 12:00:00 | TBIO | sell | $1.070 | 0 |
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