Shared by
tombro
ORB, This trade was the reaction to my original dumb losing trade.
I Didn’t have a good place to set target so I just set it out of immediate reach (113.97) and would closely monitor, moving up stop under low of each 5 minute bar.
At 10:05 it met its first profit taking around 112.75
Still have 1st target at 113.97
Profit taking again at 10:11 at $113.1
10:14 stop hit.
Could’ve gotten $100 more if I had taken near high with price struggle, but wanted to give it room to run, since closest resistance is in the 126 area.
The Dilemma, take profits or let profits run.
7:31 tempted to re-enter 112.35 but not close to MA’s
7:44…rewarded for not entering
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-16 09:45:30 | SLXP | buy | $108.560 | long |
| 2014-12-16 10:14:27 | SLXP | sell | $111.640 | 0 |
Comments
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Which time frame where you playing this off of?