Went in for a final 1-minute scalp on YTEN, this time on a proper first 1-minute pullback candle to make a new high with small share size--200 shares. Price did not follow through on expectations as the pattern marked the beginning of a consolidating pattern. Since I entered in with 100 shares, I afforded the stock some room for a 20 cent stop. I managed to stop at 37 cents on the Bid with wide spreads. I took a loss of $46.93, but it was actually a good trade because it was based on reasonable expectations and strictly within my risk parameters.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-12-11 09:44:57 | YTEN | buy | $5.890 | long |
2017-12-11 09:48:05 | YTEN | sell | $5.520 | 0 |
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