Shared by
JensW
- overall solid day
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 overa little lucky on this one
stop was almost hit at 3.50
risky trade
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-19 09:50:10 | TRXC | sell | $3.370 | short |
| 2014-12-19 10:04:19 | TRXC | buy | $3.270 | short |
| 2014-12-19 10:06:53 | TRXC | buy | $3.280 | 0 |
Comments
JensW
in most cases, I do not want to be in a stock for more than 20-30min.
this one yielded 2.8% before commission.
size was pretty small with ca. 1'600.
i have a hard time finding the entries, where a stock makes another run higher.
and i lack the imagination to see, why it should go from 3.2 to 4, when it is already up ca. 40% at 3.2.
yes, the pull-back to EMAs is used by many as the spot to buy.it is also a spot for me to get out in many cases.
Emilie_BOWS
I normally don't play these low price stocks but I remember when I was in BOWS chat room, I saw Kunal made big wins playing long in stocks that ran like this one. These momos can run a lot further than you can imagine. Btw, it's very clear on the daily that $4 is a key level (magnet).
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Yeah risky one. When I play on the long side I usually like to enter at 1st pullback so you may find many buyers who want to get in the strong trend when you're in short. This makes it hard for your trade to go far. However I can see that this stock ran up maybe 50% at the time you entered. A few percents pullback can be nice enough.