Shared by
flash_trader_BOWS
Daily looked overextended to downside to went for a Rubberband Long Setup. Entered right off the bat using the daily $5 as my risk. However I should have waited for a move closer to the 52 week low. Also should have waited on a good opening indicator like red/green move. It was also not holding 9ema which should have been another exit indicator. It ended up slicing through my stop.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-01-19 09:31:00 | EGLT | buy | $5.030 | long |
| 2017-01-19 09:45:42 | EGLT | sell | $4.890 | 0 |
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