MCHP Trade on May 8, 2015 09:52 from JensW: Tradervue User Stock Trades.

Day in general:
- Green day after commissions
- Again, tried to short a major runner (CALA), absolutely need to fix that
- Often hard to identify the major runner as regular paras also have high rel. volume
- Some bigger misses due to indecision

Trade:

Set-up: ------------------------- Opening parabolic short 
Quality of set-up: -------------- A 
Number of Entries: -------------- 2 
Capital used: ------------------- ca. 1'000
Risk: --------------------------- very high
RSI: ---------------------------- 93
Recent performance: ------------- +4-5%
Number of up / down candles: ---- 6 up candles, +4-5%
Shape of last candle b/f entry:-- Some wicks towards 50
Joker: -------------------------- N/A
Joker worked: ------------------- N/A
Outcome joker: ------------------ N/A

Profit/(Loss) Without Commission:--- 0.70

Trade Comments:

• A bit too early in the move
• 50 was a logical resistance area
• 1k position at the moment at the higher end of the spectrum
• Average of 49.73 decent, but did not trust price action
• Solid drop shortly after my covers
• In hindsight an A-setup with risk towards 50 (also reistance on daily)
• Picture perfect A frame, hindsight is bliss