Shared by
glen55867_BOWS
Simulator trade
Daily is PR gapper down
Intraday is an ORB, the sim system gave a very bad fill on this (lower than where the bar was)
This trade if entered at the correct place would have resulted in moved stop to break even
Got stopped out for a max loss...missed something here on this trade
When I played this on tradingsim.com here is what I learned. The stock did ORB (on 3 and 5-min timeframe), however this was at best a 1:1 RR trade due to where the support was...this is a NO GO trade based on taking trades with at least a 1:2.If I had entered this I should have bailed the moment the support showed that price was not going down
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-07-05 09:43:00 | MXC | sell | $7.300 | short |
| 2018-07-05 09:55:00 | MXC | buy | $7.850 | 0 |
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