Here was when I began to overtrade. I bought this stock in anticipation of the $4.00 break, but it was a poor entry based on the first 5-minute candle to make a new high. Stopped out with 10 cents of loss, at $60.11 net loss. I also should have scaled back on size by this point. The lesson today is this: trade no more than 3 trades per day max, and stop trading before 6:45 AM PST.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-12-08 09:44:55 | VKTX | buy | $3.900 | long |
2017-12-08 09:47:37 | VKTX | sell | $3.800 | 0 |
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