Shared by
Mr_Potato
Entry: 11.33
Exit: 11.43
Profit/Loss: +.10
Notes: Took way too much risk, I should've looked into the current news (Partnership with BYND) before hand so I can build some confidence on this stock. Early entries/opportunities we're available and consistently presenting itself, but did not take trades due to lack of information. Before the stock was going up, was overconfident and focus on other stock, such as IMRN for possible reversal. Interesting bull grind, definitely will keep in mind onto my future trades.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-07-16 11:47:00 | APRN | buy | $11.330 | long |
| 2019-07-16 11:49:00 | APRN | sell | $11.430 | long |
| 2019-07-16 11:49:00 | APRN | sell | $11.430 | long |
| 2019-07-16 11:49:00 | APRN | sell | $11.430 | long |
| 2019-07-16 11:49:00 | APRN | sell | $11.430 | long |
| 2019-07-16 11:49:00 | APRN | sell | $11.430 | 0 |
Comments
Mr_Potato
awww, i also need to be gold and silver membership to make use of the tags. Definitely in the future when i start building my small account.
MarcoG
You could start writing down something like this for every trade you take: https://www.tradervue.com/trades/11048713.
Don't think to green or red at all for at least 100 trades cause you have to trade a 3$ position so no problems if you lose! Make an excel file in which you will have the set of rules you will need to respect! From strategy to takes, stop and all the rest. Before every trading session you read them and be sure you do everything is written in the book! Everyday you go back to your trades and write them in the book! After a while check if the book is still valid, perhaps improving in your trading activity you will be able to spot points of improvement and adapt accordingly! Trading it's a job, it's ike owning a company! It has to be taken seriously! For you to be called a trader you need to build a system that will survive to anything! Otherwise the shop will close and you will fail! Before you lose money or strength work on it giving all the time you have available! Market will pay back your humbleness and competence! A red streak doesn't make you an idiot, instead it will make you a trader! You will see that when you will dig yourself out of the hole you've created. Thus don't make a deep hole cause psychologically it will be so hard to get out of that! Remember there are 2 kinds of traders: 1) The humble trader; 2) The one who's gonna be humbled!
Choose where you wanna be! All the best for your trading activity ;)
I give you my personal view on this stock today.
9.46 there is the 50 Daily EMA. 12.52 there is the 100 Daily SMA
The first entry was 8.40 at 09:41 for the cross-up of VWAP. This entry was below pre-market high so would have been more risky as a technical view but few cents stop would have been enough to confirm the trade!
Second entry could have been 8.53 at 09:42 for the break of the high of the day. Less risky from a technical point of view but more risky as stop loss considering that you would have stopped below VWAP at 8.40.
Third entry at break of pre-market high 8.98 at 09:42! The least risky (but don't forget the 100MA at 9.46) as technical but the higher as stop space so adapt your size accordingly!
Fourth entry 8.94 at 10:03 for the cross-up of VWAP.
Last entry 09:47 at 11:08 for the break of the 100 Daily SMA
I would have personally traded the 1st, 2nd and last entry avoiding the 3rd and 4th cause too close to the MA. Unless you trade 5k shares so your takes are really tight, but even there...
On the way down you could have shorted below 12.52 for the break-down of the 100SMA taking in consideration the deep buyers that will try to buy indeed any deep as they did.
An entry at 11:47 on such stock, so extended and volatile I think it's a suicide and will respond only to a random movement and not something that you could really explain and predict!
I hope this could help you to understand!!
Zeug
wow, great response Marco !! I was going to say, im just starting out to, so may not be the best guy to ask Mr. Potatos. As far as options, I think if you start of with " Options as a Strategic Investment " by Lawrence McMillan you`ll get a pretty good idea on options.
Leave a comment about this trade!
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!
at least you got out green and good lesson learned. One suggestion, start tagging your trades, so you can track them. In 2 or 3 month you`ll have lots of valuable info.