Shared by
gregory12_BOWS
I was a little less anxious today, so I let this one play out a little longer compared to my first day on the simulator. Took $OLED short as I saw the 9EMA make a clean curl on top of that second red candle and OLED break beneath 33. At that same time DI went short YHOO. However, I still traded poorly as I got distracted in making a re-entry as I entered a trade that was not in my plan SM. Could have shorted this the whole day, but had appointments the whole afternoon.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-01-29 09:39:01 | OLED | sell | $33.000 | short |
| 2015-01-29 09:53:42 | OLED | buy | $32.480 | 0 |
Comments
BenLbTrading
Good setup but remember to scale out of profitable trades. You could easily have added more to your short when it bounced back to 33 making a lowe high than previous and ridden it down to the end of day.
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Nice setup. Good trade!