Shared by
Mari_BOWS
Two trades, one loss and one small profit.
First trade
Setup on daily: PR Breakout
Setup intraday: not sure...
Reasons to enter: price dipped below 9EMA and I thought the uptrend was over.
Concerns: none.
Stop: $20.97 ($0.12 from entry).
First target: $20.73 ($0.12 from entry).
R/R 1:1 - not good.
Second trade
Setup on daily: PR Breakout
Setup intraday: Day-long Consolidation Breakout
Reasons to enter: price breaking highs.
Concerns: none.
Stop: $21.05 ($0.20 from entry).
First target: $21.45 ($0.20 from entry).
R/R 1:1 - not good!
I always do the same mistakes when trading Day-long Consolidation breakouts. I need to try to buy on dips instead of shorting on the dips.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-18 13:39:00 | SUNE | sell | $20.850 | short |
| 2014-11-18 13:45:00 | SUNE | buy | $20.970 | 0 |
| 2014-11-18 14:09:00 | SUNE | buy | $21.250 | long |
| 2014-11-18 14:25:00 | SUNE | sell | $21.450 | long |
| 2014-11-18 14:31:00 | SUNE | sell | $21.250 | 0 |
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