VLTC Trade on Apr 28, 2015 10:08 from KyleErvin_BOWS: Tradervue User Stock Trades.

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KyleErvin_BOWS

 

I FINALLY was able to capture more than 10 cents on this bear flag and here's why I think it happened.

I just didn't see the same volume in the stock that it's had the last week so the really low risk, easy scalps just aren't there. So instead riding a moving candle I waited for a setup to emerge, scaled my position size way down, and THAT is what ALLOWED me to ride the bigger move. I felt less concerned about the potential loss on my hands if I didn't pull the trigger immediately at the first sign it was going against me so I was able to have more confidence in the setup. This time I was able to make almost 300 dollars but with only 700 shares!

That is progress for me because that's what I'm trying to learn. I want to be able to make the most money with smallest position size possible. I think the smaller your position size, the more skill it takes to make money. And if you can master your setups with small position sizes you can scale them up incrementally at later dates.


Execution detail:

Date/time Symbol Side Price Position
2015-04-28 10:08:07 VLTC sell $9.196 short
2015-04-28 10:08:10 VLTC sell $9.185 short
2015-04-28 10:10:01 VLTC buy $8.836 short
2015-04-28 10:10:01 VLTC buy $8.835 short
2015-04-28 10:10:01 VLTC buy $8.834 short
2015-04-28 10:10:01 VLTC buy $8.830 0


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