Shared by
handycandi_BOWS
This was consolidating between $95.15 and $99.20 on the daily chart, so I was looking for any intraday pattern between those prices. Bought when it started crossing VWAP, with stop just below VWAP. My first target was the recent high of $98.25, where I sold half. My second target was just below the daily resistance of $99.20. I got excited and hit sell too early the second time - I thought it had hit my second target, but I think I was still looking at the first target.
I was out by then, but it turned down right away. Did I buy at the wrong spot?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-08-15 10:09:57 | TRIP | buy | $98.040 | long |
| 2014-08-15 10:11:50 | TRIP | sell | $98.270 | long |
| 2014-08-15 10:12:04 | TRIP | sell | $98.260 | 0 |
Comments
Nape_BOWS
Agree with Alvan. Definitely could have taken a shot at that 97.40 mark...http://screencast.com/t/ITdlZ0Yv0tD
kunal00
big chase..u chase candles u chase unicorns
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When it bounced off 9ema at 97.40s would have been ideal. You had 3 executions in 3 min for a 20c move. I'd say you're watching every tick, and getting too impatient. With a 98.04 entry and a 97.70, and your first target at recent high will only give you a 0.7 R:R if you sold off 100%. If you had bought at 97.40s when the breakout first occurred, and sold off at recent high, you'd have a 2.2 R:R. You didn't lose money, so thats good.