I was 3 for 3 on this stock just playing small size and scalping. The first setup was an ORB when this stock first broke the HOD. I scalped it but really didn't get anything out of it.
The second trade had the bulk of the profit on this stock which was a bull flag on the 1 min. Once it broke the HOD again, I got long scaling out along the way when it popped. My first exit was WAAAY too early and I didn't even let the stock move really. I only made $0.08 on my first exit which I sold half my position.. This trade had a way bigger potential for profit, so I need to learn to hold longer on my first exit. Because I basically exited at my entry price...
The 3rd trade was another good bull flag on the 1 min. I didn't want to risk my profit so far on this trade, so I only went in very small trying to get my profit on the daily over my daily goal. Even though this was a good setup, I was trading the pnl and not the trade. This caused me to miss out on more profit that I would regularly have held on for.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-05-02 09:31:50 | THC | buy | $17.530 | long |
2017-05-02 09:31:59 | THC | buy | $17.590 | long |
2017-05-02 09:33:20 | THC | sell | $17.730 | long |
2017-05-02 09:33:47 | THC | sell | $17.600 | 0 |
2017-05-02 09:39:10 | THC | buy | $17.810 | long |
2017-05-02 09:39:11 | THC | buy | $17.820 | long |
2017-05-02 09:39:14 | THC | buy | $17.850 | long |
2017-05-02 09:39:58 | THC | sell | $17.930 | long |
2017-05-02 09:40:12 | THC | sell | $18.080 | long |
2017-05-02 09:40:38 | THC | sell | $18.190 | long |
2017-05-02 09:41:25 | THC | sell | $18.250 | long |
2017-05-02 09:41:46 | THC | sell | $18.280 | 0 |
2017-05-02 09:49:24 | THC | buy | $17.970 | long |
2017-05-02 09:50:39 | THC | sell | $18.130 | long |
2017-05-02 09:51:08 | THC | sell | $18.220 | long |
2017-05-02 09:51:13 | THC | sell | $18.210 | 0 |
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