Notes on the trade: Got in on the inside 5, the stock tried to push but it failed and got me stopped out on both attempts. I keep looking back at this trade to find an error but my idea was straightforward, HOD was $54.39, my entry was $54.05 on the inside 5 risking $0.15 which made my one to one kick $54.20 looking for a move to $54.50.
UPDATE: After showing this trade to one of my trading mentors, he pointed out that this trade was in fact NOT an inside 5. The pattern is the following: the first bar is the biggest, the second is inside the previous one, the pattern forms once the third bar breaks above the second.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-05-26 10:09:32 | JD | buy | $54.080 | long |
2020-05-26 10:09:32 | JD | buy | $54.080 | long |
2020-05-26 10:09:33 | JD | buy | $54.090 | long |
2020-05-26 10:09:33 | JD | buy | $54.090 | long |
2020-05-26 10:09:33 | JD | buy | $54.090 | long |
2020-05-26 10:09:33 | JD | buy | $54.090 | long |
2020-05-26 10:09:33 | JD | buy | $54.090 | long |
2020-05-26 10:12:43 | JD | sell | $53.900 | long |
2020-05-26 10:12:43 | JD | sell | $53.900 | long |
2020-05-26 10:12:43 | JD | sell | $53.900 | long |
2020-05-26 10:12:43 | JD | sell | $53.900 | long |
2020-05-26 10:12:43 | JD | sell | $53.900 | long |
2020-05-26 10:12:43 | JD | sell | $53.900 | 0 |
2020-05-26 10:14:18 | JD | buy | $54.060 | long |
2020-05-26 10:14:18 | JD | buy | $54.060 | long |
2020-05-26 10:14:18 | JD | buy | $54.060 | long |
2020-05-26 10:17:55 | JD | sell | $53.900 | long |
2020-05-26 10:17:55 | JD | sell | $53.900 | 0 |
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!