Shared by
JensW
Goal for day: Very tight risk managment, keep losses to max. 50-60 per trade
Setup: --------------------------Shorting daily runner
Entry: --------------------------27 - 50% AND 27.59, second 50%
Shares: -------------------------400
Stop: ---------------------------Unknown
T1: -----------------------------Unknown
T2: -----------------------------
Reward:Risk Ratio (T1): ---------Unknown
Exit: ---------------------------26.70s
Profit/(Loss) Without Commission:--- +214.20
Comments:
- FOUND: Intraday scan
- "built" a short position by shorting twice
- I added to a looser, which is against my rules
- Was down on the trade by 170, which is also against my rules / max. loss per trade
- However, the trade turned out well
- I was quite certain that this would be a fader (based on what, I don't know)
- Unsure, whether I should be happy or upset about this transaction
- Broke my rules, but perhaps rules need to be fixed for building bigger short positions
Also, did not keep a joker position for late day flush
down day in SP of -1.8%, which helped short biased people
(issues with prodigio all day, numbers might be a little off)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-09 09:44:57 | IPXL | sell | $27.000 | short |
| 2014-10-09 09:45:12 | IPXL | sell | $27.000 | short |
| 2014-10-09 09:55:36 | IPXL | sell | $27.480 | short |
| 2014-10-09 09:55:38 | IPXL | sell | $27.567 | short |
| 2014-10-09 10:09:27 | IPXL | buy | $26.850 | short |
| 2014-10-09 10:09:37 | IPXL | buy | $26.825 | short |
| 2014-10-09 10:25:05 | IPXL | buy | $26.520 | short |
| 2014-10-09 11:36:44 | IPXL | buy | $26.710 | 0 |
Comments
MartinH
Leave a comment about this trade!
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!
definately dont change your rules for building short positions especially when day trading and you should also have stopped out of this trade when it broke HOD.
If you are trading live the way you traded this stock you will blow up your account real quick. Show the trade to Kunal if you are unsure about my advise.