This was a very bad trade because the stock was so over extended on the 5 min chart and I got long because the 1 min looked ok. It wasn't even close to a setup and it was high above VWAP and MAs. Then, to top it off, this was running into big resistance on the daily chart.
Very ugly trade, and broke 2 rules.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-05-22 09:38:15 | MTBC | buy | $2.430 | long |
2017-05-22 09:38:44 | MTBC | buy | $2.460 | long |
2017-05-22 09:39:17 | MTBC | buy | $2.440 | long |
2017-05-22 09:41:11 | MTBC | sell | $2.330 | 0 |
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