Good trade on a 1-minute pullback scalp setup on VTGN. However, this could have just as easily been a loser like PXS was for you earlier this morning. In fact, the 1-minute chart patterns look so similar to one another that the risk on the two was nearly the same chart-wise except for the fact that PXS had more range on the daily chart, and thus had more potential for downside choppiness. Even though this was a good trade, I would have preferred that I stopped trading after the loss on PXS. It helps build more disciplined trading for consistent profits. Even though this trade lessened the loss I sustain on PXS earlier, the win caused me to start overtrading, and I lost what I had made on this stock, ending up with a larger loser on the day than if I had just simply stopped on PXS. Made a net profit of $20.11 on this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-12-07 09:38:37 | VTGN | buy | $2.250 | long |
2017-12-07 09:40:44 | VTGN | sell | $2.450 | long |
2017-12-07 09:40:57 | VTGN | sell | $2.400 | 0 |
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