This stock popped up on Ross's scanners later in the day, but by the time you had entered into this trade, it was already way too extended off of its 5-minute moving averages. The only good and realistic entry on the 1-minute would have been just over 2.00 where we saw our first 1-minute red candle, or at 1.80 for the first 5-minute candle to make a new high above its moving average resistance levels.
Stopped out and broke even in the trade for a $0.04 net realized loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-12-27 10:25:24 | IPWR | buy | $2.480 | long |
2017-12-27 10:25:39 | IPWR | sell | $2.500 | 0 |
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