Entry with 20 shares. Willing to risk around $5. ABCD set up. Risking 8.82-8.85. Wrong calculation and sold 15 shares @ 9.79. Better sell was @ 9.83+ for 1:3 R:R. Held 5 shares and constant profit taking @ 9.85, 9.99, 10.18. The funny part was that I thought I took the meat of the move. It later move to 12. I traded my plan so good trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-06 09:15:40 | ACB | buy | $9.090 | long |
2020-11-06 09:28:05 | ACB | sell | $9.790 | long |
2020-11-06 09:28:38 | ACB | sell | $9.850 | long |
2020-11-06 09:28:38 | ACB | sell | $9.850 | long |
2020-11-06 09:34:09 | ACB | sell | $9.990 | long |
2020-11-06 09:34:26 | ACB | sell | $10.180 | 0 |
IT was a very tiny move. I just know that it made a low after it move up then a higher low after the lower high. Tiny N-shape. Would have been better if it was clearer though. Afterward the entry, I just let it work itself out. If risk is hit, get out.
I did say in the video that I might have enter @B instead of C. The better entry would've been the higher low after my entry because it was clearer. My risk would've been 0.1 instead of 0.25 for more size if I hade enter @ 9:20's am CST
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Curious how you saw an ABCD pattern in the chart, can you elaborate?