Tags:
I jumped into think or swim between meetings to see if I could find a quick scalp. I looked in my relative volume > 2x , and foud this on trading.
Plan:
Strategy: 2R-AON.
Entry Signal: Saw no positive momentum, though it would keep pushing.
Stop Entry: 4.93
Actual Entry: 4.9299 (Sllippage 0 cent)
Stop Loss @ : 10 cents (4.83)
Plan Exit@ 20 cents (5.13)
Actual Exit : 4.83 (-10 cents)
R: -1R
Break Strategy? :I did not break my strategy. What did go wrong was not be patient enough to find a better entry. The entry candle was already extended 10-11 cents above the previous HOD at 11:09EST. The candle following dip actually broke the previous dip support and bounched off vwap (4.71) before reaching HOD 5.04 .
What went wrong? : Looked for a better pattern in this stock or another stock.
Execution detail:
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