This was a very bad setup as well. I considered this a pullback on the 1 min chart, but the pullback was too far and too aggressive almost reaching the LOD. There were 4 consecutive red candles before this started to bounce a little. The 5 min chart looked retarded unless it was going to break the HOD, then maybe I would have considered it a long, but by then it would have been over extended. I told myself I wasn't going to trade stocks that move by $0.05 instead a penny and I broke my rules today.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-03 09:44:29 | STDY | buy | $9.000 | long |
2017-04-03 09:44:32 | STDY | buy | $9.050 | long |
2017-04-03 09:46:25 | STDY | sell | $8.250 | 0 |
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