Shared by
Boston
I got long on this stock for the ORB breaking the HOD, but I scaled in a little early before it broke and it never popped. As soon as I got in, this tanked and I had to get out for a loss. This would have been a valid setup, but on the daily chart, this was running into resistance. I ignored this even though I had it mapped out on the chart. This was a loss that could have been avoided if I had stuck to my rule of never long into resistance.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-06-06 09:32:09 | EGLT | buy | $3.415 | long |
| 2017-06-06 09:32:16 | EGLT | sell | $3.245 | 0 |
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