I followed Kunal's trade. I tried to trade early in morning. Oh well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-24 09:55:35 | JD | buy | $26.920 | long |
2014-06-24 09:56:51 | JD | sell | $26.910 | 0 |
2014-06-24 09:58:36 | JD | buy | $26.970 | long |
2014-06-24 10:00:52 | JD | sell | $26.750 | 0 |
Thank you Nape! Should I increase my stop loss from 0.5% to 1%? Or from the start I shouldn't trade this stock?
You need to know where your stop loss is before you enter the trade. If I would have taken this trade I would have known that price support was at $26.70, so I would have put my stop at $26.68. Increase or decrease your position size depending on where your stop loss is at.
Ah that's a good idea! I'll try to reduce half the position size and have 1% stop loss. Then the target should be 2%. Thank you Nape!
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!
$26.70 was price support. Stop should have been just under that...