PG Trade on Apr 23, 2019 13:03 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

The first trade was off 102.85. This was not a level of support that I set up pre- market. I decided to look what the Fibo retracements were and this was holding a the third level of resistance. The stock and the tape held this level three times. I took a position on small pull back below that level giving my self about .20 cents of risk a less that what actually would have been needed. The stock did move for me initially. But, I was trying to set up to hold this at the close. When it failed to break through the MA cleanly, I felt that was not going to work. I did bail on the trade when it could not hold the Fibo level I bought at for a small loss.
I think this was a good set up even though it was not a support I would have normally looked for. The Risk vs Reward. If I would have worked my stop off of where I bailed on the entry, I would have been able to size up enough to make that trade about2.5 to 1 on its swing up to 102.96.
Like small losses with big lessons!!!
The second trade was another intraday support play of the late day LoD. I had been trying to go long this stock as a hold for about and hour watching the tape and had one missed attempt. I watch as the higher volume low was put in and watch the tape start to strengthen. I took the risk on a little late and was not able to pick up a good size for this trade.
It was solid entry. However, the plan was to hold the trade until the last half hour of the day or until it stopped me out, I took the quick profits when it cleared the earlier loss. In other words, I had no reason to sell.
This is another notable play that I will need to develop a play for.


Execution detail:

Date/time Symbol Side Price Position
2019-04-23 13:03:31 PG buy $102.840 long
2019-04-23 13:17:22 PG sell $102.775 0
2019-04-23 14:01:11 PG buy $102.335 long
2019-04-23 14:20:55 PG sell $102.480 0


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