I'm literally making the same mistakes over and over... 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=> 0.0573022(B) - -(0.071291)(S)
MACDT=>(B) Above moving average, however, in the process of turning
Volume=> 506,024(B) - 286,154(S)
Shares=> 400
RSI=> 67.5219(B) - 48.9714(S)
Stochastic Full=> (50.1189 - 45.3422)(B) - (6.10417 - 10.8783)(S)
MACDT=>(S) Trending downward and moving closer to the MVA
OPEN Trade:$3.550 / $3.474 ($355.00)($347.40)(B)
CLOSE Trade:$3.215 ($321.50)(S)
P/L: -$59.44
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 |
---|---|---|---|---|
2017-05-10 09:39:17 | MTBC | buy | $3.550 | long |
2017-05-10 09:46:39 | MTBC | buy | $3.474 | long |
2017-05-10 09:49:09 | MTBC | sell | $3.215 | long |
2017-05-10 09:49:09 | MTBC | sell | $3.215 | 0 |
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