Shared by
_cup0fjoe
Not on my pm WL; straight off my scanner after the open; saw the momo going on this and the huge vol with many big size orders pass 1k size going through the t&s; Knew that almost any buy rn was a chase since I was late and it had broken to NHOD; I decided to use small size and it is not one of my fav setups, but it had news, up pm, small cap, and a low-float. The low-float and big volume moving gave me more conviction to enter. Got .50 cents off it. Great, but a bit risky trade to end Monday mornings trading.
I know my 1yr old self will have used 100 shares and gotten spooked out on the pull. I did get a break of my risk lvl of 7.90, but held a few seconds and got a turn back towards the highs. Also I accidentally backspaced my IB webtrader right as $YTEN was getting back to 8s. I had to immediately sign in and wait on a code. Luckily I was quick and got executed and where I had preset before mistakenly logging out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-04-27 10:16:04 | YTEN | buy | $7.900 | long |
| 2020-04-27 10:19:20 | YTEN | sell | $8.400 | 0 |
Comments
_cup0fjoe
Thank you, totally forgot this trade lol. Was reviewing my MDGS trades from April, best for that month. To answer your question, I'm not a warriotrading student, I learned from Tim Sykes and his students. Especially Roland Wolf's new guide. He makes a killing going long, imo.
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Nice trade gain and awesome journaling, especially logging how you felt! Are you now or formerly a Warriortrading student (momo scanner reference)? I'm considering it, but have only been practicing in simulator (thinkorswim) along with researching and learning for a few weeks now, so my journey is just beginning.