Target: $40.08+ | 1:1 R:r (Almost)
Risk: $1000 vs $38.50
Setup: I got in for an hourly breakout play.
Pros:
1. I managed the risk decently.
Cons:
1. I noticed some price manipulation when I entered and it should have been a red flag for me to take me profits earlier. That along with an upcoming double top.
2. I was looking to hold long for a swing and it would have worked because it never retested my risk level. Thinking about a swing caused me to not sell when I wanted to sell.
3. I have to realize that I can always re-enter a trade and that protecting profits means I can add back into it at a later time.
Note: I noticed a difference between a manipulated and natural move. Something I should include in my thinking in the future.
Old Blog:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-19 11:30:00 | NUAN | buy | $39.300 | long |
2020-11-19 11:30:00 | NUAN | buy | $39.300 | long |
2020-11-19 12:44:00 | NUAN | sell | $39.440 | long |
2020-11-19 12:44:00 | NUAN | sell | $39.440 | long |
2020-11-19 12:44:00 | NUAN | sell | $39.440 | long |
2020-11-19 12:44:00 | NUAN | sell | $39.430 | long |
2020-11-19 12:44:00 | NUAN | sell | $39.430 | long |
2020-11-19 12:44:00 | NUAN | sell | $39.430 | long |
2020-11-19 12:44:00 | NUAN | sell | $39.430 | long |
2020-11-19 12:44:00 | NUAN | sell | $39.430 | long |
2020-11-19 12:44:00 | NUAN | sell | $39.430 | long |
2020-11-19 12:44:00 | NUAN | sell | $39.430 | 0 |
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!