Entered too early on first trade. Let the price trade for 3-5min first before making a decision. Furthermore, too much leeway was given for the price to fluctuate. Have a tighter stop?
2nd trade was taken as price broke below the opening 5 min range and bounced. Could have taken prift @ 10:45am when the breakout failed.
Price started a tight range between 11:00am and 12:00pm. Could have entered on a breakout there.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-19 09:30:52 | IPCI | buy | $3.580 | long |
2013-11-19 09:47:21 | IPCI | sell | $3.500 | 0 |
2013-11-19 10:08:03 | IPCI | buy | $3.360 | long |
2013-11-19 11:00:19 | IPCI | sell | $3.500 | 0 |
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