Shared by
JensW
+0.2R
Trade Plan
Risk (cents): ------------------ 10, willing to add
Risk (absolute, USD): ---------- 6
Average Price: ----------------- ca. 13.12
Stop Price: -------------------- ca. 13.22
Target Price: ------------------ ca. 12.95
Reward to Risk (cents): -------- 17/10
Reward to Risk (factor): ------- ca. 1.7:1
Things well done: --------------
Mistakes: ---------------------- 9EMA at 12.80s, however, 13 whole number
Lesson(s): ---------------------
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-06-30 12:39:36 | EXAS | sell | $13.120 | short |
| 2016-06-30 12:43:42 | EXAS | buy | $12.950 | 0 |
Comments
JensW
the 9EMA on the 5min chart can be used as profit target.
so, can the whole number, which was 13 in this case.
stocks often gravitate towards whole numbers.
harvir
thank you!
Louie
you shorted the top. Awesome. why did you make the entry? was it because its at the upper end of the bollinger band?
in this set-up i try to look at RSI, bollinger band, distance from 9EMA, price action on 5min and 2min chart.
also, momo stocks move up in "waves", which can be seen almost perfectly in this example. a) push, b) pull-back+consolidation,c) push, d) pull-back+consolidation, e) push, etc. often after the 3rd or 4th waves, sellers start winning the tug of war.
counter-trend trading is something you have to enjoy.
breakout or pull-back trading is probably better for beginner traders. a pull-back traders would have asked, why i did not by the first pull-back at 11.40 and sell when 9EMA was broken at 12.80.
Thanks JensW. Keep the pics and commentaries coming so we can all learn from each other.
Trading is a skill, you can get ideas and the basics from other people and books, but you need to find your "own way/method".
Yeah I am finding my methodology. Check out the trades that I have made, I have shared them here too and make comments if you can, that would be of much help for my development. THanks
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9EMA at 12.80s, however, 13 whole number??? sorry i am still learning and i would be grateful if you can explain what does 13 whole number means here?