Shared by
Rick42Q
Missed the majority of this huge move, but made a decent scalp. I saw good volume and orders going through the level 2 after many consecutive red 1 minute candles, oversold RSI, and jumped in. The exit was primarily just motivated by P&L, which I have a habit of doing.
I need to get better about not taking profits too quickly, let the winners ride. Great entry at low of the day. One the 1 minute chart, the 9 EMA acts as support after it crosses up under the 20 and the price action rides it all the way up. I need to get better at utilizing the MA's more in terms of which direction to take the trade, long or short (or in the case of inverse ETF's, long whichever one is going up!).
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-01-24 14:24:00 | DGAZ | buy | $19.941 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.160 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.160 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.160 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.150 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.150 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.150 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.150 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.160 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.160 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.160 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.150 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.150 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.150 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.150 | long |
| 2018-01-24 14:27:00 | DGAZ | sell | $20.150 | 0 |
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