Shared by
dpaleo
Tags:
Entry on retrade a little early. $5.70s volume spike shoulda been 1st entry with adds on confirmation and then break of $5.50.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2020-11-18 13:20:23 | FCEL | -500 | $5.645 | -500 |
| 2020-11-18 13:25:19 | FCEL | -100 | $5.680 | -600 |
| 2020-11-18 13:28:19 | FCEL | -400 | $5.755 | -1000 |
| 2020-11-18 13:32:28 | FCEL | -500 | $5.610 | -1500 |
| 2020-11-18 13:41:08 | FCEL | -100 | $5.590 | -1600 |
| 2020-11-18 13:41:08 | FCEL | -100 | $5.590 | -1700 |
| 2020-11-18 13:50:02 | FCEL | 89 | $5.330 | -1611 |
| 2020-11-18 13:50:02 | FCEL | 11 | $5.330 | -1600 |
| 2020-11-18 13:50:02 | FCEL | 100 | $5.330 | -1500 |
| 2020-11-18 13:50:02 | FCEL | 200 | $5.330 | -1300 |
| 2020-11-18 14:17:42 | FCEL | -200 | $5.390 | -1500 |
| 2020-11-18 14:24:45 | FCEL | 25 | $5.220 | -1475 |
| 2020-11-18 14:25:12 | FCEL | 100 | $5.220 | -1375 |
| 2020-11-18 14:25:12 | FCEL | 100 | $5.220 | -1275 |
| 2020-11-18 14:25:12 | FCEL | 75 | $5.220 | -1200 |
| 2020-11-18 14:25:12 | FCEL | 100 | $5.220 | -1100 |
| 2020-11-18 14:33:00 | FCEL | 100 | $5.120 | -1000 |
| 2020-11-18 14:33:00 | FCEL | 100 | $5.120 | -900 |
| 2020-11-18 14:33:00 | FCEL | 100 | $5.120 | -800 |
| 2020-11-18 14:33:00 | FCEL | 100 | $5.120 | -700 |
| 2020-11-18 14:33:00 | FCEL | 200 | $5.120 | -500 |
| 2020-11-18 15:00:23 | FCEL | -100 | $5.245 | -600 |
| 2020-11-18 15:41:56 | FCEL | 100 | $5.030 | -500 |
| 2020-11-18 15:41:56 | FCEL | 100 | $5.030 | -400 |
| 2020-11-18 15:43:14 | FCEL | 100 | $4.910 | -300 |
| 2020-11-18 15:59:56 | FCEL | 100 | $5.100 | -200 |
| 2020-11-18 15:59:57 | FCEL | 100 | $5.100 | -100 |
| 2020-11-18 15:59:57 | FCEL | 100 | $5.100 | 0 |
Comments
dpaleo
thats a great question - i debated adding on the close of that red 5min but decided against it bc it bounced off that $5.50 level which was the noon high. Since i already had i position i was willing to wait for confirmation of a $5.50 break. That confirmation came on close of 13:48 1min candle but i missed that add. My first take profit hit and then it went back to test $5.50 level. I shoulda added back after 14:10 or 14:12 1min bars so my 14:17 re-add was late.
Thank you for the question
marnick-95
Sounds logic to me. But you usually take 1/3 off as market goes in your way a certain amount? Or was it just to be save bc of that noon high?
really depends on the setup. But in most cases, unless i'm looking for a major move, i m taking some off into flushes or into key levels. My first cover was probably too aggressive but I've been aggressive in taking profits recently to help build back some confidence.
Smart move then!
Other side is that it basically makes you trade risk free if you take off 1/3.
But thanks for sharing man keep it up!
Leave a comment about this trade!
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!
Nice one!
Question: Why did you not add at on the first reaction on the 5 min?
I see you cover about 1/3 of your position and then shorting again after the break of the small reaction. I'm curious why you cover there.
Thanks for sharing btw