DPW did not show the characteristics of a quality setup with its large pre-market fade on the 5-minute chart, yet I went in for a losing scalp, quite late into the day on an overtrading mentality. I entered on a poor entry price--about 10-15 cents above the 1-minute candle break. The stock failed to follow through on my profit target of 10 cents, so I was forced to take a 4 cent stop. I had a net loss of $17.95 in this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-12-07 10:09:56 | DPW | buy | $4.060 | long |
2017-12-07 10:11:01 | DPW | sell | $4.020 | 0 |
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