Tags:
Flag Breakout/ORB
First trade of the year. For the first time in a long time, I have now decided to follow my plan. I have lowered my paper trade amount to $50,000; just to help me not to over-trade like I did last year.
I only risked 2% of my Net Liquidating value which is $1,000 in every trade.
I lost in the morning with the ORB and exited.
I went back in in the afternoon and have not gotten out. I only raised my stop loss level, since the flag pattern still remains intact.
If I get kicked out in the morning, I will already have a number of other stocks which I will like to trade.
I was expecting a maximum of $1,000 to lose but I only lost ($150) which to me is good.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2019-01-02 09:40:59 | TMF | 2506 | $19.510 | 2506 |
2019-01-02 10:53:49 | TMF | -2506 | $19.300 | 0 |
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