Simulator trade
This has to be down as an ERROR trade. I had it on the watchlist for extended daily setup and possible rubber band, yet I longed the position. The Stochastic daily was over 85 and the chart looks pretty parabolic albeit for a not so big % gain. so now I make notes on the chart so I know what my plan is in the heat of the moment. also this chart just doesnt have good daily range so should not make a shortlist for day trading.
Once I realized I was playing the wrong way I just bailed the trade, get out of an error as quick as possible.
the stock did spike shortly after I exited but I would rather take a small hit and obey my rules than have a win when doing the wrong thing.
Lesson for the day: I had work issues in the morning so did not do gapper scan, so all I had was my watchlist for previous night, also was in the office watching charts with people in the office and distractions. So no prep and no no solitude to focus = no trade!!!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-06-21 10:05:16 | FOXA | buy | $48.610 | long |
2018-06-21 10:25:55 | FOXA | sell | $48.550 | 0 |
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