ZDGE Trade on Oct 23, 2020 08:18 from Saisxyo: Tradervue User Stock Trades.

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Saisxyo

 

Okay trades. Should've cut my losses quicker. never should have enter. If I did enter, should've enter with 1/3-1/4 the size since the entries were at lower lows and not higher lows break of the down trend. The entries weren't ABCD setups. Last trade, the flush was too quick for me to catch. Out for a bigger loss than I wanted. The first trade was okay but could've have a wider risk if I enter with a smaller size because the stock bounced VWAP and move to 3.10. image


Execution detail:

Date/time Symbol Side Price Position
2020-10-23 08:18:09 ZDGE buy $2.950 long
2020-10-23 08:19:03 ZDGE sell $2.870 0
2020-10-23 08:37:09 ZDGE buy $2.755 long
2020-10-23 08:40:06 ZDGE sell $2.610 0


Comments

2020-10-25 07:48:54
 

You traded way to quickly, should have held for a few hours.

2020-10-25 08:01:51
 

What was your profit if you don't mind me asking? I was long and profited $90.00 in @ $2.50, out @ $3.00 Just a quick 2 min. scalp.

2020-10-25 10:08:55
 

I will not wait for the stock to come back up if my risk is hit. Making 0.50/share on a $3 stock is not a scalp. A scalp would be like .01 to 0.15. Also, the stock never actually came back to my price. Yes, the last one did eventually came back but better safe than sorry since my risk already broke. The two trades were chase

2020-10-25 10:11:06
 

I was long on the stock, took $6 loss. If I held a couple hour like you said, my losses would’ve been bigger. Capital preservation is #1 as I’m learning

2020-10-25 10:21:30
 

Overall, I don’t hold and hope if my risk is hit on these penny stock

2020-10-25 10:43:40
 

I understand, So I'm learning too, but I thought that I did a .050/ share scalp? So really it was a regular trade is what you're saying? I guess I could have held our for more...but being it was a 2 min. I considered it a scalp. I was told if a trade is less that 5 mins. it's considered a scalp? So a scalp is based on a .01-.15/ share amount as a profit?

2020-10-25 10:48:46
 

Taking 0.5/share on a $3 stock is like 15% on your money. Taking the meat of the move essentially is what you did. Always remember to have a good risk:reward when trading. 1:3 and above is consider a good risk:reward. Daytrading is not about aiming for home run. It’s about the process of the trades and taking your profit when risk is hit whether you sell half and held the rest for a higher move or not

2020-10-25 10:50:42
 

My mistake, you took 0.5/share on a $2 stock. That’s like 20-30% gains

2020-10-25 10:53:34
 

Scalp is also based on the duration of the trade but mainly is the profit target that is considered. If your goal is to make a quick 0.05 to 0.1 on the stock then it’s a scalp. If your goal is like 10%+ then it wouldn’t Necessary be considered a scalp. Overall, just react to the trade. Take profits/ cut losses if the price action deviates from your plan

2020-10-25 11:07:14
 

I see, Thanks for your input. I actually did 180/ shares @ $2.50 and sold @ $3.00. I just looked at my time....lol...it wasn't 2 mins. It was 12 mins. Sorry. So I guess it wasn't a scalp, but in any case I did do well to get a 20% gain.

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