The next trade was on RCON, which ended up being a losing trade. This stock ended up being very strong the day after MLK Jr. day, but more on that for tomorrow.
RCON popped up on Ross's high of day momentum scanners, which made me want to get in on a volume pop. I speculated that because RCON was a former runner, it would continue its moves in a market today with bullish momentum. However, the mistake on this trade was getting on low volume. The stock only had about 40k shares of volume on your 1-minute entry candle, which is below the 60-100k share minimum your strategy allows for, so you broke your rules.
You stopped out well for a 5 cent loss per share when the stock failed to follow through on sluggish price action. You closed the trade for a $70.16 net realized loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-01-12 09:49:00 | RCON | buy | $1.780 | long |
2018-01-12 09:50:22 | RCON | sell | $1.730 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!