HLF Trade on May 6, 2015 11:11 from camilogomez38: Tradervue User Stock Trades.

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camilogomez38

 

HLF actually traded between the levels I have planned, so in theory there was no real risk/reward. However, as the market was melting this one showed relative strength holding the gap, hence I bought once price was above 2 SMAs of the charts I use (2 & 5 min), in order to attempt the BO above 47. As the stop was wide I use half of my tier size to be able to play this trade, as I knew the better stop was at the lower end of the consolidation, instead of juts playing the uptrend.
I took half off when it broke through, and the other half when it retraced.

Review
The idea was correct but I could have managed the trade a lot better.
1. I could have added Tier 2 once lower support was respected and passed my previous buy point. This tier would have only been for momentum so risk was only a few cents (.10).
2. I could have sold half once it slowed, so back to Tier 1.
3. Half on the retracement and keep the rest for the final push to 48. (Planned target)


Execution detail:

Date/time Symbol Side Price Position
2015-05-06 11:11:28 HLF buy $46.510 long
2015-05-06 11:55:42 HLF sell $47.210 long
2015-05-06 12:00:50 HLF sell $47.320 0


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