Shared by
Ihor_Horovenko
Thesis: hitchhiker consolidation at the HOD.
Stop: I placed my stop-loss below the last two candles at the 24.83 level.
Entry: I have entered the position at the moment of breakout with the LMT order.
Targets: 25.06-25.16
The breakeven point is set after 2 minutes in the trade.
Profit taking: -----
Comments: I should have waited for the 25.00 level to break. I scratched my position too early instead.
Lessons: next time, I must adjust stop loss at 1c above my entry point following proper entry guidelines.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-02-01 11:50:09 | UGI | buy | $24.950 | long |
| 2024-02-01 11:51:35 | UGI | sell | $24.980 | 0 |
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