IMGN Trade on Oct 20, 2014 13:15 from JensW: Tradervue User Stock Trades.

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Shared by
JensW

 
  • Worst day (Oct. 20th, 2014) in 7 weeks
  • Massive overtrading
  • Did not cut losses quickly
  • Forgot or did not apply most rules
  • Did not look for set-ups - gambling
  • Slap in face after great Friday last week (Oct. 17)
  • Had up to 6 positions at the same time!!!! Insane.
  • Will have to start from scratch and go slow
  • Rule for this week (Oct. 21st.) max. 8 trades per day, overtrading is something I dont need

Setup: --------------------------Intraday Breakdown
Entry: --------------------------9.31
Shares: -------------------------500
Stop: ---------------------------9.41
T1: -----------------------------9.11
T2: -----------------------------
Reward:Risk Ratio (T1): ---------2
Exit: ---------------------------9.41
Profit/(Loss) Without Commission:--- -48.67

Comments:

  • Expected a sell-off
  • Stock dropped below the VVAP at around 9.28s
  • It recovered above VWAP
  • I expected it too flush later below the VWAP
  • That did not happen

image


Execution detail:

Date/time Symbol Side Price Position
2014-10-20 13:15:41 IMGN sell $9.306 short
2014-10-20 13:15:41 IMGN sell $9.310 short
2014-10-20 13:57:19 IMGN buy $9.410 short
2014-10-20 13:57:20 IMGN buy $9.405 short
2014-10-20 13:57:24 IMGN buy $9.402 short
2014-10-20 13:57:24 IMGN buy $9.403 0


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