I entered this trade because i saw it running up on momentum, it was about to climb over the 200EMA on the daily chart. I did not chase this move, instead i waited for the pull back, plotted my entry point on my 5min and 1min chart. I was observing the volume during the pull back, i did not jump in early, i waited for the break out and got the perfect entry. I placed my stop loss as soon as i entered this trade. i sold my entire position at my profit target.
I jumped in on my second entry due to Fomo instead of satisfying with my profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-07-26 10:24:23 | BSPM | buy | $2.400 | long |
2018-07-26 10:25:36 | BSPM | sell | $2.580 | 0 |
2018-07-26 10:27:45 | BSPM | buy | $2.940 | long |
2018-07-26 10:28:00 | BSPM | sell | $2.720 | 0 |
2018-07-26 10:33:08 | BSPM | buy | $2.850 | long |
2018-07-26 10:33:18 | BSPM | sell | $2.860 | long |
2018-07-26 10:33:25 | BSPM | sell | $2.900 | long |
2018-07-26 10:33:37 | BSPM | buy | $2.990 | long |
2018-07-26 10:33:39 | BSPM | sell | $3.080 | long |
2018-07-26 10:33:51 | BSPM | sell | $3.050 | long |
2018-07-26 10:34:17 | BSPM | sell | $3.120 | long |
2018-07-26 10:35:07 | BSPM | sell | $2.740 | 0 |
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