Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-05 13:09:58 | ONVO | buy | $4.730 | long |
2013-08-05 13:22:38 | ONVO | sell | $4.660 | 0 |
This one is tuff as looks like you were buying the confirmation of that flat top breakout so i get the entry (as i struggle with buy after confirm or while it's still developing), but what i really struggle with is the stop, you place the stop right at the natural Pullback of the B/O area, stop should have been 4.60 (again easy for Captain Hindsight to say)
Honestly, I think I got too caught up on the flat top and planned to scalp it because of my earlier success with STXS. I gotta look at the big picture on all setups. I think getting into the mindset of scalping makes me want to get in-and-out of trades too quickly as soon as I see them, instead of looking at possible entries later in the day.
It pulled back to support and bounced. 1 thing i continue to work on is if i get stopped, treat it like a brand new stock, if sets up, no emotion, take it long again.
Good feedback, Mark. I tried to do that today with some success. Will definitely keep it in mind.
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It was to extended when you bought. Should have waited for the pullback and then made a decision rather to get in the trade or not.