MU Trade on Jul 23, 2020 12:57 from gtichauer: Tradervue User Stock Trades.

Breakdown (FOMO)

Open Type - Open Inside Range almost at H1. Early ORB15 and Drive.

R2T - I realized I should join the short side. VWAP was broken down, tested and held and I tried to short the Lows of the nxt leg.

Trade Management - Trade initially worked but as it can be expected, there was a pullback to hit stops, and I should have wait for it BEFORE shorting. I moved quickly to b/e to minimize impact of shorting at the lows. It was a momentum trade.

Targets / R's - Scratched.

Grading

Execution (1-5): 1
Management (1-5): 5

Weekly MFE Review (Runners or Rolls)

Intraday: 52.85
Weekly: -
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Execution detail:

Date/time	Symbol	Side	Price	Position
2020-07-23 12:57:06	MU	sell	$52.993	short
2020-07-23 13:03:19	MU	buy	$52.966	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=17861280&end=20200723140119&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=17861280&end=20200723160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=17861280&end=20200723160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=17861280&end=20200822&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Dmitrij_Vasiljev

2020-08-21 18:30:25

hey, man, thanks for sharing. can you help me to understand few points:
1. what's your position size on average (if you can share)
2. what's RR ratio you are aiming for (usually)

thanks!

gtichauer

2020-08-22 01:44:20

Hi man,
I have been mostly trading options with a small account and it was diff to control risk, so now I funded a +25k to avoid PDT and started with stocks, aiming to get a master in controlling risk.
Started in July so I am very small size now, even I could afford bigger size. 10-25usd risk per trade. If I get consec winners I may increase to 50/100usd risk per trade.
My AIM is to get consistent at 2:1 risk reward. I believe with consistency and an aggressive money management strategy u can do very well. But I am tracking all trades MFE until my original stop is hit and they are getting far more than that for sure.

gtichauer

2020-08-22 01:47:08

Like the one here in MU that I managed it badly, FOMOed, missed re entry, but the Stock and Direction selection for a short was a great call.

Dmitrij_Vasiljev

2020-08-22 05:13:00

thanks, all clear. fully agree with you on consistency - it's key :)

MU Trade on Jul 23, 2020 12:57 from gtichauer: Tradervue User Stock Trades.

Breakdown (FOMO)

Grading

Weekly MFE Review (Runners or Rolls)

Comments

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