LW Trade on Apr 2, 2019 09:47 from Gideon23: Tradervue User Stock Trades.

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Gideon23

 

These are the last of my blank chart trades

I looked over this chart with all of the indicators on the chart and although I was moving to the short side, the 50 was sitting right at 76.25 when i took the trade, this means that my risk reward ratio was all off. Of course I could not see these levels because my chart was bare. This meant that the first area of resistance was .38 cents away. As with all of my trades in this series, i intend to risk .50 to make a dollar. Although the trade did end up moving down the rest of the day it did not present a true move until 11:50 (after clearing all of the averages) which was out of the ORB time frame. Overall I would say that this trade was still a good trade because I executed my trade plan and stuck to my stops. If there is one thing that I have learned from this entire exercise is to 1, dont be afraid to enter when given the signal, 2. let the trade work ( and if you have executed (entered without fear or reservation ) and the market supports it will 3. Levels of of paramount importance, supply - resistance and moving averages even though they happen to be lagging indicators, 4. stick to your stop and if price action argues that the trade is not working, cut your losses early! This has been a great exercise for me!


Execution detail:

Date/time Symbol Side Price Position
2019-04-02 09:47:10 LW sell $76.630 short
2019-04-02 09:49:00 LW buy $77.080 0


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