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Boston
I over traded this in the morning because I saw the potential it had to make a really big move. I bought it for the ORB when it broke the HOD but then added at the top when it pulled back. This caused frustration. So I lost on the first trade.
I then got in again when the pullback was moving higher and I got out half for a little gain, then stopped out for the rest breakeven. At this point, I was still down a little.
I saw the flat top bull flag forming at a key level and I was over excited about it so I jumped in when the candle popped. It didn't pop over HOD and I was in too big too soon which is why I got scared out of my position. If I added 1/3 or even 1/2 anticipating the breakout and then the other half when it broke HOD, this would have been a big trade, and a lot easier to handle my emotions. My stop also should have been below the last low on the 1 min chart and it wasn't. I stopped myself out at support and it took off. A big lesson learned on this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-04-18 09:33:33 | IDXG | buy | $3.190 | long |
| 2017-04-18 09:33:38 | IDXG | buy | $3.370 | long |
| 2017-04-18 09:34:21 | IDXG | sell | $3.160 | 0 |
| 2017-04-18 09:36:10 | IDXG | buy | $3.270 | long |
| 2017-04-18 09:36:12 | IDXG | buy | $3.300 | long |
| 2017-04-18 09:38:19 | IDXG | sell | $3.400 | long |
| 2017-04-18 09:38:34 | IDXG | sell | $3.290 | 0 |
| 2017-04-18 09:42:55 | IDXG | buy | $3.390 | long |
| 2017-04-18 09:42:56 | IDXG | buy | $3.390 | long |
| 2017-04-18 09:44:19 | IDXG | sell | $3.270 | 0 |
Comments
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On your first trade why did you add? Should have sold half at least? I think your stop is too tight. Size down so you don't stop out prematurely.