CXRX Trade on Oct 21, 2016 11:09 from JensW: Tradervue User Stock Trades.

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Shared by
JensW

 

-0.1R

Trade Plan

Risk (cents): ------------------ 5
Risk (absolute, USD): ---------- 2.50
Average Price: ----------------- ca. 5.41
Stop Price: -------------------- ca. 5.46
Target Price: ------------------ ca. 5.15
Reward to Risk (cents): -------- 26/5
Reward to Risk (factor): ------- ca. 5:1

Things well done: --------------  
Mistake(s): -------------------- A bit unlucky
Lesson(s): ---------------------  

Execution detail:

Date/time Symbol Side Price Position
2016-10-21 11:09:55 CXRX sell $5.410 short
2016-10-21 11:16:44 CXRX buy $5.459 0


Comments

Gravatar wsly
2016-10-24 09:20:00
 

too tight stop or should waite to break down before entering?

2016-10-25 00:07:06
 

are you suggesting the stop was too tight?
are you suggesting I should have waited for the breakdown before entering?
it is hard to understand, whether you are making a statement or asking a question.

i tend to enter on the front end. thus, i don't wait for the breakdown before entering.
the stop was too tight, yes, you are right.
nonetheless, hindsight is bliss and this stock grinded a lot.
my stop was above HOD.
the HOD break could have meant another leg higher.

Gravatar wsly
2016-10-25 21:05:27
 

Hi JensW.
Sorry for the confusion.
I mean both, You entered ok. nothing wrong with your trade.
If you follow your plan it was good trade.
Happen to me all the time
I am 10 years part time trader and learning.
Keep in touch,
trade well

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