You were not trading in sync with the market today. For some reason, you were apprehensive about taking a trade on this name. Well, actually I can see why. You hesitated on this trade because, by the time the stock had risen above its 9 exponential moving average support line on the 5-minute chart, it was already way too extended on the 1-minute with no real opportunity for entry.
Instead what you tried to do here was to take an entry in anticipation of the first 1-minute pullback off the high of day break, which was a good idea, but the stock failed to resolve on your entry and so you stopped out for a 1 cent per share loss. DELT was also trading on an inside daily candle today, which may explain why there was so much resistance on the 5-minute chart. Overall, a decent setup, decent trade, just no follow through. You lost $15.09 in net realized losses on this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-01-08 09:38:45 | DELT | buy | $2.600 | long |
2018-01-08 09:38:49 | DELT | sell | $2.590 | 0 |
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