Shared by:
GriffenPaper
I think my problem on this trade was buying in before I had any confirmation.
In my first trade I was looking for the ref to green move. The first candle dipped down and set a low for itself and then came back up. I bought in and set a stop at those lows. I think I was getting ahead of myself and getting in a little early. I should have bought on the break of the red/green and covered if it didn't break out as planned.
The second entry was buying on support. I was bullish biotechs today so I thought it would hold that support. I got out quick. I should have just set my stop at lows and let it ride.
I think tomorrow will be a good day for Biotechs.
Execution detail:
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