CARA Trade on Jun 27, 2017 09:40 from Boston: Tradervue User Stock Trades.

My first trade on this stock was good for the flag breakout on the 1 min chart. My first add was great but then it popped and I didn't get the best fills. I added when this popped because I thought this had the potential to make a big move at the open. It didn't make the move I wanted, but I scaled out some at a decent price thinking this could move higher. It stalled and broke down so I got out the rest basically breakeven.

My second trade ruined my whole day. This would have been a loss I could handle if it was a trade worth taking, but I knew I was breaking my rules, and for some reason I took it anyway. I got long because the stock had been consolidating for a little and formed a flag on the 1 min chart. But on the 5 min chart, this stock was over extended. I got long, and my R:R ratio was messed up. I was risking $0.40 to make the same which is only a 1:1. Worse yet, I risked my whole day and lost on a trade I wouldn't consider a good setup.

Another reason this didn't work the best was because it is up so much on the daily chart. It is over extended.