Played this one incorrectly thought it would break that high of day with no problem. My problem has and still is, that I buy into the spike at the high and as soon as I get into the trade, I'm in when the price breaks down and I'm out with a lost.
(B)-Buy (S)-Sell
MACDH=> 0.0031692(B) - 0.0000977(S)
MACDT=>(B) Above moving average, however, in the process of turning
Volume=> 286,745(B) - 90,586(S)
Shares=> 1000
RSI=> 70.9362(B) - 47.9051(S)
Stochastic => (84.4828 - 94.8276)(B) - (8.2374 - 19.7523)(S)
MACDT=>(S) Trending downward and moving closer to the MVA
OPEN Trade:$0.6380 ($638.00)(B)
CLOSE Trade:$0.6024 ($602.40)(S)
P/L: -$35.60
Really no reason to enter this trade. I woke up late and saw the trade at the last minute before the opening bell. I wanted to make a trade and chased this one. There was potentially entry but, the time and volume were both not highly recommended. The only plus regarding this trade was that I cut losses quick.
Overall Grade: D+
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-13 09:33:57 | AMRS | buy | $0.6380 | long |
2017-04-13 09:33:57 | AMRS | buy | $0.6380 | long |
2017-04-13 09:33:58 | AMRS | buy | $0.6380 | long |
2017-04-13 09:39:19 | AMRS | sell | $0.6024 | 0 |
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