TKMR Trade on Jan 12, 2015 09:57 from Mari_BOWS: Tradervue User Stock Trades.

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Mari_BOWS

 

Nice profit $57.69.

Stop was $0.40 from entry at $23.28.

I covered half of my shares too soon even before my first 2:1 RR target ($22.08, close to previous low) was hit. I was afraid it would bounce at $22, because it's a round number.
I held the rest and it went as low as $20.80 which would've been 5:1 RR. Around $21 was a major support level on the daily chart, but I only noticed it now. I think it was a good trade.

What helped me hold the trade longer than I normally do is a tip that tombro_BOWS gave me over the weekend. When shorting, I hold as long as each 5-minute candles makes an equal or lower high than the previous. For longs it is equal or higher high. This is really helpful.


Execution detail:

Date/time Symbol Side Price Position
2015-01-12 09:57:00 TKMR sell $22.880 short
2015-01-12 10:01:00 TKMR buy $22.390 short
2015-01-12 10:07:00 TKMR buy $21.520 short
2015-01-12 10:26:00 TKMR buy $21.530 0


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