Shared by
thesearch82_smbtryout
slow trade-to-hold idea initially
significant figure fade setup with minor price action trigger @ 3K price point and months past virgin POC support
relatively wide volatility stop
exit on first lackluster price action response from zone that fizzled rapidly
~initial idea did not materialize~
good job exiting rapidly
food for thought
recognize this is a late day entry with a relatively weak trigger and not a lot supporting the trade idea with a world of strength and momentum pushing the market down into the close
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-27 15:51:15 | ESH0 | buy | $3000.25 | long |
| 2020-02-27 15:51:26 | ESH0 | sell | $3001.00 | 0 |
Comments
thesearch82_smbtryout
hello traderbones, glad to see your message here. Thanks for the inquiry. Indeed one thing tradervue has helped me to recognize and confirm consciously about my individual trading style is that I definitely am most confident and comfortable with a 'fast' or 'momentum' based entries and real-time management at this point. Surely such requires relatively tight stops in general for sure (though recognize the trade noted above where my stop was much larger than the extraction made ~ I was fortunate to see the trade idea was invalid rapidly and exit with a partial 'R' extraction rather than a partial or full 'R' give back) I hope to progress to managing more 'long' or 'trade-to-hold' type executions, though honestly have been in the observation deck learning what I can with all the crazy volatility of late. Cheers
Keith
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Hey search, just out of curiosity, you seem to take gains pretty quick (4-6 ticks). Do you trade a lot of size? Or use really tight stops?