no setup. Tried to get in on ORB. Failed
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-14 09:45:56 | ETN | buy | $71.270 | long |
2014-04-14 09:54:51 | ETN | sell | $71.150 | 0 |
I didnt have much confidence in this trade, thats why i went in with only 50 shares. The question is.. why the hell did i get in at all?? the answer is.. cause im a dumbass....that seems to LOVE overtrading....
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The 71.25-ish area was a price resistance on the daily chart. Also, the first candle of the day was red on the 5min chart - not a good sign usually. And when you look at the 2min chart, 4 reddies in a row. That not a good set up typically.