IBM Trade on Apr 17, 2019 09:53 from MarcoG: Tradervue User Stock Trades.

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MarcoG

 

Set-up : Down-Trend Continuation
Symbol Name: IBM
Side : Short
Size : 10
Entry : 137.25
Takes : 136.05 / 15.25 / 134.05
Exit : 138.25
P/R :

Comments: I have traded IBM due to earnings release. The stock was gapping down and showed a nice rejection off the 13ema. I have delayed my entry due hesitation just 10 cents lower my level but the trade wouldn't have worked anyway. Happy to have kept the loss lower then my gains of April and respected my stop. There is something I would like to underline and is the fact that today I didn't really like the overall price action of the stocks I was following. Besides NFLX that worked as a fade below VWAP all the other names didn't get any precise direction. Good lesson learned here, perhaps I have entered cause this month I had only traded 3 names so far? Did I trade it cause we are in earning season and expectations go higher? Both the cases that is wrong. I had to wait one more day, or week and stick to MY PERSONALITY and trade style. I know I have learned that I should adapt my strategy to myself self and not the other way round cause soon or later I will fail. Today is the example.. Looking forward for a new session tomorrow. Yooo!!!

14/08/19
136 was a pivot point and 200 Daily SMA thus a bounce due to deep buy could be expected. I have just shorted against that... Okeeey...
Again wrong size!!


Execution detail:

Date/time Symbol Side Price Position
2019-04-17 09:53:22 IBM sell $137.250 short
2019-04-17 10:07:27 IBM buy $138.300 0


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