Shared by
tombro
I need to work on my stops. currently I am too passive of exiting when the trade is profitable. I need to come up with reasons to circumvent my stop, especially on my 2nd unit.
Reasons could be, break of trend, stock starts going sideways, spike, etc
Setup: Flag Breakdown
Where are EMA's:
EMA's-Direction & details:
Time Frame Alignment:
Volume:
Market action-Spy-Sectors-stock:
Stop: 108.45 After 1st Target hit - Stop moved to 107.76
Stop Hit
Target: Target 107, 2nd Target 105.27 (This in hindsight was too low, but whatever I would have come up with would still have been stopped out)
R/R: 48/97
Are Stop/Target proper: sure
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-09 10:07:19 | URI | sell | $107.970 | short |
| 2014-12-09 10:20:10 | URI | buy | $107.000 | short |
| 2014-12-09 10:41:03 | URI | buy | $107.760 | 0 |
Comments
Nape_BOWS
Exit was not bad.. One thing you could have done though is gotten back intohttp://screencast.com/t/3fU0X7xahtc the trade and hit the lower highs..
Exit was not bad.. One thing you could have done though is gotten back into the trade and hit the lower highs.. http://screencast.com/t/3fU0X7xahtc
kunal00
Not bad I want to see your entries get better it could've been a little bit higher
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Niicce!