Shared by
MarcoG
Trade Scenario
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Symbol : NTNX
Gap : 4.4%
RVOL : 3.75
pmVOL : >50K
Float: 154M
Short Float: 8.7%
pmPATTERN : Bull Flag holding above eMA13(10min)
Catalyst : New appointed manager for the EU area
Technical Levels
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Support: 25.50 / 24.50
Resistance: 28.50 / 31.10
Inflection: 26sh
Trade Plan
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Set-up : 5min ORB
Side : Long
Size : 300
Entry : 27.67
Takes : 28.11 / 28.42 / 27.67
Exit : 27.37
Comments: I have traded NTNX for the news in relation to the new appointed manager for the EU area. Here as-well I am not that sure for the validity of the catalyst, I will check it out properly and try to document myself. I use to classify the catalysts but those today were something new for me!
Traded the 5min ORB and unfortunately the move has been so fast that I haven't been able to get a better fill! Though the stock performed at least to grant me 2 takes and following a nice volume profile. Consolidated above VWAP and pm high was the best scenario I could have for me to trade! Lucky it occurred just after my loss on CVS giving me the opportunity to take back the small loss and close the day with a modest 50$. Lol!!!
I haven't been able to make more than that cause the stock really faded losing volumes ergo I assume investors. I could have locked in actually more once back at first take but I wanted to give it the time and space required for me to add afterwards once crossing again the 28. It didn't occur and I am happy I have respected my set of rules even if I could have made double on it but for the sake of my trading practice and playbook I have to respect takes and adds to don't ruin my overall profitability in the long term. I have understood today that is time for me to focus on my order types. I can't have such slippage on 100 shares, this is ridiculous! -1, -1, -1 and finally -97? Come on!! I am gonna study what would be a better routing for my orders, apparently there is something going wrong here! Surely I have to use Super Smart orders! I will check it out!
BTW last remark is on the fact that I have been quite a while without opening a trade! I was not on holiday I was here as usual but I have back-tested other preferences and variables to add in my trading edge and I couldn't just trade gambling a new approach that wasn't tested yet! Perhaps and surely I think next days I will have the set up there for me to trade those new variables and specs!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-07-11 09:36:38 | NTNX | buy | $27.670 | long |
| 2019-07-11 09:36:38 | NTNX | buy | $27.670 | long |
| 2019-07-11 09:41:09 | NTNX | sell | $28.110 | long |
| 2019-07-11 09:42:21 | NTNX | sell | $28.420 | long |
| 2019-07-11 09:50:22 | NTNX | sell | $27.670 | long |
| 2019-07-11 09:50:22 | NTNX | sell | $27.670 | long |
| 2019-07-11 09:50:22 | NTNX | sell | $27.670 | long |
| 2019-07-11 09:50:22 | NTNX | sell | $27.650 | 0 |
Comments
MarcoG
I trade on Lightspeed broker and I use Tradingview as charting but actually you could already backtest a strategy doing it by your broker and save some money :P
To backtest my trades I just write them down and go back to what I have done. BTW Tradervue it's already the best for that!!
One more way I have used is this:
https://twitter.com/LifeMarcoG/status/1151259190729617408
and many more hahaha
Zeug
Would you mind sharing one trade on excel , where i can see how you did it? Can`t quite see it in the pic
Mr_Potato
WOAH! Thanks for the lesson MarcoG! I'll definitely take your advice and thoughts thoroughly. Very nice notes on your trades. I'll work on my trading and journal skills. Thank you. Looking forward seeing more of your Journals.
In the trade showed in the pic I traded TRV. I have played the Trend Continuation strategy (TrendC) stopping break even last piece (SLBE) and missing a target due to high greed (mPThG/F). I wrote all that below the respective columns. As you can see what I have traded gave me 1 point(TrendC) + 0.5 points(SLBE) - 0.5 points(mPThG/F).
To get the sum of all your trades once you have written all below each other you have just to type this formula in Excel:
=SUMPRODUCT(--(D4:D163="H>"))*2
This will give you the sum of all the trades that contain the word "H>"
You will then choose your own words (codes) to identify your self!
To recap you will type below the "H>" column the formula I wrote before,
below "H<" : =SUMPRODUCT(--(E4:E163="H<"))*2
below aOFF: =SUMPRODUCT(--(F4:F163="aOFF"))*2
below wSL: =SUMPRODUCT(--(G4:G163="wSL"))
below >S: =SUMPRODUCT(--(J4:J163=">S"))/2
etc
Note that if you want to give more then a point to what you did cause too bad or too good you have to multiply the formula by 2 or whatever multiplier you wanna use. You can see that in the formulas I have typed, they multiply by 2 cause really bad but "wSL" has no multiplier cause worth just 1 point.
S is dived by 2 cause I have given to it 0.5 points
etc..
In the very end you will deduct by the positive points the neg ones and you will get your result!
I really really hope you have understood otherwise write me on Twitter if you need any help!
Nice Mr_Potato I am really happy to be of any help!
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That is some amazing detail and trading plan !! Duly noted, I will have to up my game. What software or platform do you use to backtest ?