Shared by
Mari_BOWS
I'm proud of these trades. Two trades, profit on both.
First trade:
Setup on daily: Earnings Breakdown
Setup intraday: Pullback to moving averages.
Reasons to enter: price close below moving averages.
Concerns: none.
Stop: $4.96 - above moving averages.
First target: $4.66
R/R 2:1 - good!
I was expecting the price to break down, but instead it started climbing higher eventually and I got out. I was familiar with this situation from before. I'm proud for recognizing this situation.
Second trade:
Setup on daily: Earnings Breakdown
Setup intraday: Squeeze zone, broke above moving averages.
Reasons to enter: price broke above moving averages.
Concerns: low volume intraday.
Stop: $4.84 - support level.
First target: $5.11
R/R almost 2:1 - good!
As soon as the price popped above MA-s, I entered. I took profit too early again and didn't wait until my target was reached. Bad habit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-05 10:42:00 | ZAGG | sell | $4.860 | short |
| 2014-11-05 11:43:00 | ZAGG | buy | $4.850 | 0 |
| 2014-11-05 11:59:00 | ZAGG | buy | $4.930 | long |
| 2014-11-05 12:39:00 | ZAGG | sell | $4.990 | long |
| 2014-11-05 13:12:00 | ZAGG | sell | $5.110 | 0 |
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