Very frustrating. You actually entered the stock at a good price level at 1.51, but you got greedy when you tried to double up on the first new candle to make a new daily high, which is the typical setup for a stock that had the potential for a parabolic move. Instead, this stock retraced its entire move, and you stopped out at the low of the retracing candle for a $121.89 net realized loss.
You did the same thing with another stock you traded this day. You did not take profits sooner when you should have. Instead, you convinced yourself that winning back what you had lost from the previous trades was more important to you than taking what the market was willing to give you this day, which was small scalps--no big parabolic trades in light holiday trading.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-12-27 09:41:26 | MDGS | buy | $1.510 | long |
2017-12-27 09:44:19 | MDGS | buy | $1.680 | long |
2017-12-27 09:46:00 | MDGS | sell | $1.430 | long |
2017-12-27 09:46:02 | MDGS | sell | $1.402 | 0 |
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