Shared by
MikeD_BOWS_
SNAP broke support but then started to reverse. I got in on the idea I would play it back up to the new resistance level and then hope it broke back over. Initial stop under candle @14.83.
It turned out I misjudged it initially and loaded up right before the price dropped. Utilizing the minute chart I saw the it become bullish and once it crossed over the 20EMA I loaded up. However the price took a sharp dive and I stopped myself out.
Reentered after it crossed back up over the 20EMA. I really should have held my original position but after my stop outs earlier in the day I was being very cautious. Loaded up as it climbed but didn't hold long enough for the testing of resistance. I thought about a limit sell at resistance and looking back this is what I should of done. Earned back what I lost on initial entry and exit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-04-12 02:59:00 | SNAP | buy | $14.890 | long |
| 2018-04-12 03:02:00 | SNAP | buy | $14.900 | long |
| 2018-04-12 03:04:00 | SNAP | buy | $14.890 | long |
| 2018-04-12 03:07:00 | SNAP | sell | $14.860 | 0 |
| 2018-04-12 03:15:00 | SNAP | buy | $14.910 | long |
| 2018-04-12 03:19:00 | SNAP | buy | $14.920 | long |
| 2018-04-12 03:19:00 | SNAP | buy | $14.930 | long |
| 2018-04-12 03:20:00 | SNAP | buy | $14.930 | long |
| 2018-04-12 03:25:00 | SNAP | buy | $14.940 | long |
| 2018-04-12 03:33:00 | SNAP | sell | $14.940 | 0 |
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