I over traded this stock a lot today. My first trade was for a break over the HOD on the 1 min chart. When I got in and added near the break, this came back down and I got out because I didn't think it was going to go. Then it consolidated and started to bounce and finally broke so I got in again which made up the loss and put me green barely on the day.
The mistake I made on this was that I saw the stock was consolidating again after it broke and I got long again because I considered it a bull flag. It didn't move sideways nearly as long as it needed to and it didn't pullback far enough to be considered a trade. The 5 min chart was not corresponding either with the 1 min setup. So I got in too early and I gave back profit and put me back red on the day.
My 4th setup was a bull flag, but on the 1 min chart, I knew the setup was too early and premature. It needed to move sideways longer and I jumped in carelessly to be stopped out a minute later. Then when the setup finally showed itself, I got in after taking an unnecessary loss.
So the 5th trade on it was a valid setup, it just didn't have the follow through I was looking for. I was 1/5 on this stock today. Everything was a small loss, but 2/5 setups should not have been taken.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-15 09:32:42 | EKSO | buy | $1.950 | long |
2017-06-15 09:32:56 | EKSO | buy | $2.000 | long |
2017-06-15 09:33:52 | EKSO | sell | $1.930 | 0 |
2017-06-15 09:34:43 | EKSO | buy | $2.000 | long |
2017-06-15 09:35:51 | EKSO | buy | $2.090 | long |
2017-06-15 09:36:18 | EKSO | sell | $2.105 | long |
2017-06-15 09:36:40 | EKSO | sell | $2.100 | long |
2017-06-15 09:36:52 | EKSO | sell | $2.140 | long |
2017-06-15 09:37:28 | EKSO | sell | $2.090 | 0 |
2017-06-15 09:40:49 | EKSO | buy | $2.140 | long |
2017-06-15 09:42:41 | EKSO | sell | $2.060 | 0 |
2017-06-15 09:58:54 | EKSO | buy | $2.060 | long |
2017-06-15 09:59:41 | EKSO | sell | $2.010 | 0 |
2017-06-15 10:03:37 | EKSO | buy | $2.040 | long |
2017-06-15 10:09:33 | EKSO | sell | $1.990 | 0 |
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