Shared by
KyleErvin_BOWS
Basically scalped the spread. Took the sidelines today. I realized that even though I have a 3-4 trade limit a day that I shouldn't feel like I even HAVE to take those trades. The truth is I wasn't feeling well and didn't feel very focused.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-06 09:55:16 | PTBI | buy | $10.530 | long |
| 2015-05-06 09:55:16 | PTBI | buy | $10.530 | long |
| 2015-05-06 09:55:16 | PTBI | buy | $10.529 | long |
| 2015-05-06 09:55:16 | PTBI | buy | $10.524 | long |
| 2015-05-06 09:55:16 | PTBI | buy | $10.522 | long |
| 2015-05-06 09:55:16 | PTBI | buy | $10.522 | long |
| 2015-05-06 09:55:57 | PTBI | sell | $10.650 | long |
| 2015-05-06 09:55:57 | PTBI | sell | $10.650 | long |
| 2015-05-06 09:55:57 | PTBI | sell | $10.650 | long |
| 2015-05-06 09:55:57 | PTBI | sell | $10.650 | long |
| 2015-05-06 09:55:57 | PTBI | sell | $10.650 | long |
| 2015-05-06 09:55:57 | PTBI | sell | $10.650 | long |
| 2015-05-06 09:55:57 | PTBI | sell | $10.650 | long |
| 2015-05-06 09:55:57 | PTBI | sell | $10.650 | long |
| 2015-05-06 09:55:57 | PTBI | sell | $10.650 | long |
| 2015-05-06 09:55:58 | PTBI | sell | $10.650 | long |
| 2015-05-06 09:55:58 | PTBI | sell | $10.650 | 0 |
Comments
KyleErvin_BOWS
To be honest it requires a lot less skill, mostly just the discipline to exit the trade as soon as starts going against you and not a nano second later. I am really trying to learn the setups and trade them with much less risk like Kunal and Maribeth. Sometimes it's easier to dip real quick and get a few hundred to add to my sim account, then focus on what Kunal's doing so I don't have to worry about feeling like I made no progress because I reached my goal for the day. As far as the executions, if there's a lot it's usually because I have a limit order in and the price taps my limit several times dropping a few more shares each time.
kunal00
not good entry.. monster chase..
ur taking dollars risk to chase a stock that might have a few pennies upside
it bounced from 9 to 11 in 3 candles with no rest..u cant buy it up here!
AND TOQUETRADER! WHAT ARE U SAYING!
ToqueX
I feel silly about that comment now. I guess I was thinking in terms of scalping a couple of pennies out of the range.
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Good entry. It's a different style from what I might do. It works. What do you see as the advantage of the larger position and lots of executions over smaller share size and catching a little more of the move?