SZYM Trade on Jul 17, 2012 12:18 from ckz8780: Tradervue User Stock Trades.

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Shared by
ckz8780

 

WIN

  • Setup: Daily range break
  • Entry: $12.82/$13.21
  • Shares: 300
  • Stop: $12.78/$13.19
  • T1: $13.00
  • T2: $13.63
  • Reward:Risk Ratio (T1): 4.5:1
  • Exit: $13.02/$13.31/$13.27
  • Profit/(Loss) With Commission: $104.50

  • Details: This is a stock I know very well and have traded many times before. This time it was a break of a range at $12.87 combined with a 20dma break at $12.87. I pre-empted the entry because the stock was flagging intraday and had tapped $12.80 three times. Entry was very solid and with only a 4 cent stop the reward to risk was great. I added again at $13.21 as the stock's range tightened to only 1-2 cents and milked another few cents out of it. Great trade, only thing I could have done was enact the 3:55pm rule - no selling before 3:55pm if it hasn't hit my stop, since 5 min after I sold it ran another 15 cents, lol.


Execution detail:

Date/time Symbol Side Price Position
2012-07-17 12:18:11 SZYM buy $12.820 long
2012-07-17 13:10:05 SZYM sell $13.020 long
2012-07-17 14:56:53 SZYM buy $13.210 long
2012-07-17 15:38:49 SZYM sell $13.270 0


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