Revenge trade...Scalp
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-07 14:59:30 | QCOR | buy | $77.650 | long |
2014-04-07 14:59:56 | QCOR | sell | $78.090 | 0 |
Wow, you went in big on this. Will you be going in with that size when you go live? If not, I suggest you work on the size that you will be trading when you go live. It makes a huge difference when you transition to live.
Agree with Phil that this one was risky. the set up was not really clean and had not confirmed quite yet, plus you still had the 50ma close above for resistance. Glad it worked out for you though!
I was actually in this same candle short just before, it bottomed and i could see the buyers moving up, so i reversed and rode it back up.
On the chart it looks scary, but because i was in the trade already, i was seeing the movements and took a chance.
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This was super risky. The market was bouncing so just about every intraday turd out there was reversing and setting up beautiful squeeze plays. This being one of them.