Shared by
tradejazz
Pop from ibb and attempting to play bull flag forming.
Quick profits but scaled out so small win.
Trade Checklist
- Setup: none/ibb LONG
- Entry: 5.9 / 5.94
- Stop: 5.63 / 5.71
- Spread: 2
- Shares: 20
- T1: 6.27
- T2:
- Reward:Risk Ratio (T1): 1.4
- Price-action read: 3 candles = pullback bearish fail
- Trending? Pop to VWAP break
- Volume Trend Favorable: possible
- Reversal probability? yes, VWAP bounce
- Exit:
Details:
Execution mistake. Doubled position when attempt to set stop.
Execution mistake after sell. Did not set stop to buy price, set it to under 9ema.
Sell 1/2 at 6.01, 1/2 flat. Small win.
Remounted after quick win for small loss.
Very tight stop.
Remount 50 (1/8 risk) Tight stop. Stopped.
Later, faded 50cents but not shortable on platform.
WEEKLY_REVIEW: See comments
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-08 14:11:08 | GEVO | buy | $5.940 | long |
| 2015-05-08 14:11:24 | GEVO | buy | $5.930 | long |
| 2015-05-08 14:26:25 | GEVO | sell | $6.010 | long |
| 2015-05-08 14:29:47 | GEVO | sell | $5.960 | 0 |
| 2015-05-08 14:38:56 | GEVO | buy | $6.070 | long |
| 2015-05-08 14:40:04 | GEVO | sell | $6.020 | 0 |
Comments
kunal00
LATE! thats the dead cat bounce see the big dump at the open thats where us hort
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On the first buy you bought the pull back and made some money, on the second trade you chased and lost some money.... Buy the pull backs and keep you risk low. IMO that will win in the long run. :-)