OAS Trade on Jun 5, 2020 16:10 from _cup0fjoe: Tradervue User Stock Trades.

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_cup0fjoe

 

Eyed it when it was treading and testing tht $1 lvl. I then missed that move to the 1.30 and knew not to chase. Yeah chasing could have benefited me this one time only, but I will just be building bad habits. I got in a/h on a dip with the thesis that it gaps up on Monday after the positive sentiment of energy stocks because of the OPEC meeting.

Had cushion money so went with small size and super tight risk. It really helps to add your entry on the chart right away as well as two other arrows for your ideal exits on a reward or a loss. Once 1.10 broke I decided to break it. I already noticed myself rationalizing that this will bounce to it's highs again, but the ideal exits blue arrow was breached and it helped me keep my mind straight and respect my risk lvl. I cut losses and still green for the day.

Don't regret taking this trade because the r/r was good. The possibility of a gap-up was there. The on thing I could have done better is be more patient since it has a high-float, use smaller size with wider risk, and be patient for your ideal entry to be reached instead of getting impatient. I got in 1.13, but my goal was 1.13. I could still feel I missed that $1 lvl at 3-3:00pm.


Execution detail:

Date/time Symbol Side Price Position
2020-06-05 16:10:34 OAS buy $1.130 long
2020-06-05 16:13:38 OAS sell $1.090 0


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