Shared by
alext341
This was a stock that gapped up at the opening bell. You made the same mistake on this trade like you did on the ones you traded yesterday. You got in too extended off of its support levels, which was probably why the stock ended up failing to resolve when you got in for the scalp.
A better setup would have been if you had waited for a first 1-minute candle to go red for a pullback. You probably would've gotten a small 10 cent scalp.
You stopped out very well though, 6 cents below your max stop of 10 cents. You lost $21.96 on this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-12-28 09:31:08 | LINU | buy | $2.040 | long |
| 2017-12-28 09:31:32 | LINU | sell | $2.000 | 0 |
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