Let the price form a 3-5min range before buying above that range and selling below it. Choppy price action is dangerous. The losses accumulated from 9:30 to 10:30 was due to serious choppy price action. In future, avoid such messy action.
Price made a range between 3.44 and 3.36 before breaking higher and making a quick retracement @ 3.48. As it bounced higher, entered @ 3.57. while stop is around 3.50. Allowed the price to trade higher and did not shift up my stop price to lock in paper profits. And unfortunately price retraced all the way to my breakeven stop @ 3.60.
Could have exited @ the parabolic movement around 3.90 or perhaps allowed fluctuation of price and finally making a failed breakout @ 4.01
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-22 09:47:49 | ARIA | buy | $3.630 | long |
2013-11-22 09:50:32 | ARIA | sell | $3.540 | 0 |
2013-11-22 09:54:54 | ARIA | buy | $3.597 | long |
2013-11-22 10:03:59 | ARIA | sell | $3.520 | 0 |
2013-11-22 10:14:16 | ARIA | buy | $3.430 | long |
2013-11-22 10:25:13 | ARIA | sell | $3.360 | 0 |
2013-11-22 11:15:46 | ARIA | buy | $3.570 | long |
2013-11-22 14:12:06 | ARIA | sell | $3.590 | 0 |
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