ruined it all by trading after lunch even though daily result had been achieved
- lesson learned: do not trade out of boredom, do not trade when greed takes over
bottom bounce
risk towards 5.50 - 8 cents
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-19 09:41:11 | IMGN | buy | $5.580 | long |
2014-12-19 09:41:11 | IMGN | buy | $5.580 | long |
2014-12-19 09:41:11 | IMGN | buy | $5.580 | long |
2014-12-19 09:44:46 | IMGN | sell | $5.740 | long |
2014-12-19 09:46:51 | IMGN | sell | $5.700 | 0 |
no, i am not using 1m chart.
the parabolics I try are scalp trades, i guess. however, i do not know the exact definition of scalp, i.e. 5-10 cents, 10-20 cents, i am not sure???
i usually have little patience. when i was up 70-80 I took some off.
i then put in a stop at 5.7 and turned to other stocks.i do not like watching the same stock move up 2-3 cents for 30-60min.
i find it is very important to be nimble in the first 30min of the day and take what you get.
you are way ahead of me in trading. so please critique all you want.
you are absolutely right on waiting for move back to 9EMA on 5min, which did occour and the stop at 5.70 was the wrong decision, it should have been at the entry price of 5.60 maybe to cover commissions on last piece,
i will keep that in mind. the 200 shares could have run to 6.20 instead of 5.70.
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What's your reason to sell here ? This stock was so oversold it could have a dead cat bounce that run pretty far (at least to the 9EMA on the 5m) for a really nice gain. Anyway, I'm sorry if my comment is contrary to your strategy which is scalping using 1m chart if I am right.