parabolic short
wins keep on coming on this setup for me, especially when paying attention to the round number pullback!! for this one it was 4.00. entered trade a lil later than i normally do, just after 12:00....stock wick thru the 4.00 just after 13:00, then faded the rest of the day!!
small postion with stop set accordingly, but big winner out +$200 paper dollars up!!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-29 12:09:41 | ASTC | sell | $3.860 | short |
2014-05-29 15:55:00 | ASTC | buy | $3.250 | 0 |
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Nice profitable trade! This trade was more profitable because you did not take a 1st scale and reduce risk...which is great...this time. It is critical...imo...to take profits at a good point on part of your position and reduce your risk in the trade. Not taking partial profits at the 3.60 area when it stalled, or the 3.30's on the quick flush was very risky.