WDAY Trade on Apr 29, 2015 14:45 from JensW: Tradervue User Stock Trades.

Day in general:
- Green day
- Very quiet most of the day
- For the most part good patience
- Will continue to play small and make covers a focus going forward

Trade:
Set-up: -------------------------------- Intraday parabolic short
Quality of set-up: --------------------- A
Number of Entries: --------------------- 5
Capital used: ------------------------- ca. 5'400
Risk: ------------------------------------- very high
RSI: --------------------------------------- 90s
Recent performance: ------------------ +5% move in 3 candles
Number of up / down candles: --------- 3
Shape of last candle b/f entry:--------- entry was horrible, no set-up
Joker: ----------------------------------- yes
Joker worked: ----------------------- yes
Outcome joker: ---------------------- 8 cents - 20 shares; 30 cents - 20 shares / 7.8 USD

Profit/(Loss) Without Commission:--- 19.20

Trade Comments:

• Brilliant set-up, picture perfect
• Really played it poorly and almost lost a lot on it

• Did not wait for 3rd candle in the move, thus... was way too early

• Initial entry too early - Avg. 89.29 with 5 shares

• First add 1 % rule NOT followed - Avg. 89.50 with 10 shares

• First add should have been around 91.20 - Avg. with correct entry = ca. 89.70

• Second add 1.8% distrance from first add - Avg. 90.25 with 20 shares

• Third add was the key mistake of the trade next to the early initial entry
  Distance only 0.38% or 35 cents from third entry ... Fourth should have been around 92

• Avg. 90.80 with 40 Shares by adding at 91.35

• Correct add spot with forth entry would have brought avg. to 91.13 with 40 shares

• Panick move to add another 20 shares at 91.56, was at 91.05 with 60 shares

• Due to the early entries and the mistake of adding too close, I was really nervous

• Shows in the covers that were terrible and controlled 100% by fear

• Stock went to 90 in no time...which would have been 1 USD per share gain

• Did not leave a proper joker position

• Lesson: Wait initially for 3rd large candle

• Make adds count so they increase price and do not just add risk

• Proper 3rd = 91.13, instead of 90.80