CEI Trade on Nov 4, 2019 09:54 from Chigozie: Tradervue User Stock Trades.

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Chigozie

 

Played the HoD breakout, overextended off 180 SMA but looked like it was holding well, hovering below for a few minutes. Previous attempts have failed and it was after 9:45, almost 10am so it looked like it had a higher rate of success. Breakout failed so I bailed out immediately after not being able to fill on the ask.

A+ trade because I planned on clicking the buy button when I saw $4.40 to help confirm the breakout, hoping for a move to $4.50 and a break to $5.

I understand these typically fail, especially on a heavily diluted and choppy stock such as CEI, but I am really working on just entering the trade without talking myself out of it. I will continue to take 100 shares risking 10-12 cents on these breakouts until the market really heats up. In the past I have ignored breakouts because the stock was choppy, just to miss the good ones. I have learned that things are more choppy before 10am, so I took the trade because it was getting later in the morning.

The better move would have been to buy the breakout of the SMA and hold til HoD.

This thing could have still run to $5.00 and it would have been a missed trade due to hesitation.


Execution detail:

Date/time Symbol Side Price Position
2019-11-04 09:54:35 CEI buy $4.410 long
2019-11-04 09:54:41 CEI sell $4.330 0


Comments

2019-11-04 18:31:48
 

Great trading plan !! Sometimes it works, sometimes it doesnt, but the main thing is you had a detailed plan BEFORE entering the trade and stuck to your stops !! Thats 85% off the battle right there, you are on the right way. All about process and discipline, well done.

2019-11-05 10:09:12
 

hey guys first time in this chat, hope to see you do well

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