WAGE Trade on May 12, 2015 09:42 from JensW: Tradervue User Stock Trades.

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JensW

 

Day in general:
- Small red day after commissions
- As always several really poor covers, which produced large opportunity costs
- In hindsight too many trades
- Some "gamble" / boredom trades during mid day lull
- Second day with slightly larger size
- Will try to focus on covers the rest of the week

Trade:

Set-up: ------------------------- Opening parabolic long 
Quality of set-up: -------------- B 
Number of Entries: -------------- 2 
Capital used: ------------------- ca. 400
Risk: --------------------------- very high
RSI: ---------------------------- 2-3
Recent performance: ------------- -20%
Number of up / down candles: ---- 3
Shape of last candle b/f entry:-- Pretty big exhaustion to downside
Joker: -------------------------- N/A
Joker worked: ------------------- N/A
Outcome joker: ------------------ N/A

Profit/(Loss) Without Commission:--- -0.10

Trade Comments:

  • The parabolic long set-up is something I do not know very well
  • This set-up was almost ideal with a 2 or 3 RSI and major panic at the open
  • My average of 39.71 was not bad, but I did not have the guts to hold as my stop was hit
  • Stock went to 41 in no time

Execution detail:

Date/time Symbol Side Price Position
2015-05-12 09:42:49 WAGE buy $39.950 long
2015-05-12 09:44:06 WAGE buy $39.480 long
2015-05-12 09:55:11 WAGE sell $39.705 0


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