SIG Trade on Apr 3, 2019 09:35 from Gideon23: Tradervue User Stock Trades.

Gravatar

Shared by
Gideon23

 

Blank Chart Fiasco

This was another one, I seriously believe that I understand the lesson that is being taught. To understand that supply / resistance matter alot as well as the idea that the R/W ratio must be feasible for the trade to be worth taking. In this case I entered long at 28.79 however the pre-market high was sitting right at 30. The correct play would have been to allow this trade to clear that level before taking an entry. Of course I would have had have to know that the level was there. Besides this the trade was awesome, seems that I was even on the correct side of the trend for once in my life ( with the blank charts). I will starting next week with my indicators back on and marking my levels prior to the entry of the trade. If the R/W ratio does not make sense, I will not enter the trade until it does!

I saw the trade failing (price action) but stuck to my stop and came out with my loss tailored down to a reasonable level! Great trade!


Execution detail:

Date/time Symbol Side Price Position
2019-04-03 09:35:25 SIG buy $28.790 long
2019-04-03 09:37:43 SIG sell $28.260 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in