Great gapper, bought the P/B but bounced too quick to get full position. Took the quick pop for +.30.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-16 09:30:04 | SINO | buy | $3.770 | long |
2014-09-16 09:30:28 | SINO | sell | $4.070 | 0 |
Since i scale in i was only in about 1/4 of size. I was looking for a flush off the open. The way i gauge my risk is once i'm in a full size position, i risk around .20 for max pain. The 1 out of 10 times i get hit for a loss, it only erases a few trades worth of gains.
since i've adopted this method my account has been growing exponentially...but there's still that tiny seed of fear of what happens the 1 time it halts or free falls?
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!
Good sell near round #. When you enter like this, how do you gauge your risk?