RCL Trade on Apr 20, 2015 10:11 from JensW: Tradervue User Stock Trades.

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JensW

 

Day in general:
- Not a good day
- Had a correct Idea on ROVI in the morning, but implemented it poorly
- Was frustrated after that trade and did not trade the charts but the P&L
- Contained drawdown, which was good

Trade:
Set-up: -------------------------------- Intraday parabolic long
Quality of set-up: --------------------- A
Number of Entries: --------------------- 1
Capital used: ------------------------- ca. 350
Risk: ------------------------------------- medium
RSI: --------------------------------------- 7
Recent performance: ------------------ Stock was down ca. 9% on the day
Number of up / down candles: --------- Red all morning
Shape of last candle b/f entry:--------- Heavy selling, Drop from 74 to 72
Joker: ----------------------------------- N/A
Joker worked: ----------------------- N/A
Outcome joker: ---------------------- N/A

Profit/(Loss) Without Commission:--- -1.80

Trade Comments:

  • Tried to play the bounce off the low RSI
  • RSI was 7
  • Hard stop at 72.07 as I did not want to get into a sub 72 flush situation
  • Ideas was correct, execution poor
  • Was ca. 15 min too early
  • Nice wicks on the bottom into high 71s, sign that downmove is exhausted
  • Should have waited for clear trend break to the upside
  • Stock did move from 72 to 73.60s
  • Mistimed the entry

Execution detail:

Date/time Symbol Side Price Position
2015-04-20 10:11:06 RCL buy $72.430 long
2015-04-20 10:12:05 RCL sell $72.070 0


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