Looking at this trade now, I can see why I took my first entry. It's because it was an ORB flag for a scalp that worked. But on the second entry, I have no idea what I was thinking because that doesn't look like any kind of setup. That loss gave back all of my gains and some. Then I got long for a third time because I considered this a "triple tap breakout" which it is definitely not. It's ugly and I made the setup up in my head.
My plan was to let it flag at the breakout level which was around $3.45 on the daily. If it broke past that then it could have the possibility to run. I made up setups in my head that failed. Also, this stock moved in $0.05 instead of a penny which makes it a bad stock to trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-03-23 09:34:58 | CGIX | buy | $3.450 | long |
2017-03-23 09:35:04 | CGIX | buy | $3.450 | long |
2017-03-23 09:35:07 | CGIX | buy | $3.450 | long |
2017-03-23 09:35:42 | CGIX | sell | $3.550 | long |
2017-03-23 09:35:46 | CGIX | sell | $3.550 | long |
2017-03-23 09:35:48 | CGIX | sell | $3.500 | long |
2017-03-23 09:35:59 | CGIX | sell | $3.450 | 0 |
2017-03-23 09:38:53 | CGIX | buy | $3.450 | long |
2017-03-23 09:39:41 | CGIX | sell | $3.300 | 0 |
2017-03-23 10:07:59 | CGIX | buy | $3.600 | long |
2017-03-23 10:08:09 | CGIX | sell | $3.550 | 0 |
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