Shared by
Mari_BOWS
Three trades, a long, a short and a long. Lost on the first two, profit on the third.
First trade:
Setup on daily: PR Breakout
Setup intraday: Pullback to 9EMA
Reasons to enter: price was close to 9EMA, looked like starting to bounce.
Concerns: S&P500 and NASDAQ were dropping today.
Stop: $3.10 - below 9EMA.
First target: $3.36 - close to HOD.
R/R < 2:1 - not good.
I guess I was too early. Price dropped below 9EMA and VWAP for a bit.
Second trade:
I took a short position thinking it will drop, but it bounced.
Third trade:
Setup on daily: PR Breakout
Setup intraday: Flag/9EMA Bounce
Reasons to enter: price broke above moving averages again.
Concerns: S&P500 and NASDAQ were dropping today. Ressitance above.
Stop: $3.06
First target: $3.36 - close to HOD.
R/R 2:1 - good!
I sold before the price reached the target. Not good. I should've sold the other portion into the spike, but I got greedy.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-05 10:00:00 | YOD | buy | $3.200 | long |
| 2014-11-05 10:05:00 | YOD | sell | $3.100 | 0 |
| 2014-11-05 10:06:00 | YOD | sell | $3.080 | short |
| 2014-11-05 10:14:00 | YOD | buy | $3.120 | 0 |
| 2014-11-05 10:16:00 | YOD | buy | $3.160 | long |
| 2014-11-05 10:26:00 | YOD | sell | $3.280 | long |
| 2014-11-05 10:49:00 | YOD | sell | $3.160 | 0 |
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