PXD Trade on Feb 22, 2017 15:47 from BradyCampbell: Tradervue User Stock Trades.

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BradyCampbell

 

The .21 offer area had held earlier. Then the .26 area held later. This time it pushed through about .29 while I hoped for a .27 hold. It held so I decided to try to enter passively. At this point there was about a 3c spread. The major support level of the last hour had been about .70, and I had been familiar with the stock's action. I had a good r/r and a good probability of it going in my direction. It was also a trade with the daily trend. It quickly went to the .23 area again and after a bit of a pause, crept through the teens. I set a close at .08 because I was uncomfortable holding a stock that could jump against me. I also chose a cent I thought was likely to get flashed through and which seemed smart with regard to the orders around it. I decided, right or wrong, to take a small profit even though it might run down to or through .70. It then jumped down to about .02 which took my bid. It ended up quickly running down to about .80, but I still like my trade. I would have closed above .32, though I admit the fill might've been worse than .32. I made several trades in pxd during this close, based only on price action. I felt under-control, and enlightened. It was confirmation that I am starting to get "Reading the Tape" down, enough to make some good trades. Regarding size, I have been doing most of my trades with 5-20 shares, and I don't regret using such a small size since my goal is to prove consistency before sizing up.


Execution detail:

Date/time Symbol Side Price Position
2017-02-22 15:47:36 PXD sell $188.270 short
2017-02-22 15:48:35 PXD buy $188.080 0


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