Shared by
JensW
Goal for day: Very tight risk managment, keep losses to max. 50-60 per trade
Setup: --------------------------Scalp
Entry: --------------------------27.12
Shares: -------------------------400
Stop: ---------------------------27.18, above VWAP
T1: -----------------------------27
T2: -----------------------------
Reward:Risk Ratio (T1): ---------3
Exit: ---------------------------27.01
Profit/(Loss) Without Commission:--- +49.04
Comments:
- Lucky I covered before the spike
- Trade worked because of good entry
- Stock traded in a tight channel before, there was a pop to 27.13, which I shorted
- VWAP right above, expected a quick reveral, which happened
- Again a little bit lucky
- You have to be quick with scalps
Entry was not that bad
Trade did not work out
Happy with coverage and risk control
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-07 13:30:43 | SIMO | sell | $27.120 | short |
| 2014-10-07 13:30:46 | SIMO | sell | $27.125 | short |
| 2014-10-07 13:31:15 | SIMO | sell | $27.138 | short |
| 2014-10-07 13:40:42 | SIMO | buy | $27.005 | short |
| 2014-10-07 13:41:03 | SIMO | buy | $27.008 | short |
| 2014-10-07 13:41:03 | SIMO | buy | $27.008 | short |
| 2014-10-07 13:41:03 | SIMO | buy | $27.009 | 0 |
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