Shared by
ray_BOWS
- 1st trade - 20ema(5min) bounce - (6c/15c Risk/Reward) - I was looking for a bounce, but honestly there was no indication of a bounce on the 5min. I always want to get in earlier on bounces so i can keep stops tight, but this one showed no sign of respecting the 20ema. i should be looking for stronger confirmation this late in the day. profit takers could hit stocks late in the day pretty hard. always know your stops before entering the trade and set them immediately!
- 2nd trade - (5c/10c R/R) - didn't really see a setup other than some vol coming in after my first stop was hit. i did hit my target (which was just over 9ema), but probably shouldn't have made the second trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-24 15:03:35 | WB | buy | $17.352 | long |
| 2015-04-24 15:03:55 | WB | buy | $17.351 | long |
| 2015-04-24 15:04:50 | WB | sell | $17.275 | long |
| 2015-04-24 15:04:50 | WB | sell | $17.275 | long |
| 2015-04-24 15:04:54 | WB | sell | $17.275 | 0 |
Comments
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Something to think about is how far has the stock already moved. This trade was late in the day and the stock had already run up about $2.50 on the day so there probably wasn't much gas left in the tank.