PNX Trade on May 12, 2015 13:30 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: ------------------------- Intraday parabolic short 
Quality of set-up: -------------- B 
Number of Entries: -------------- 1 
Capital used: ------------------- ca. 23
Risk: --------------------------- high
RSI: ---------------------------- 82
Recent performance: ------------- +32%
Number of up / down candles: ---- Grinding higher all day
Shape of last candle b/f entry:-- After ramp, parabolic price action from 22 
Joker: -------------------------- N/A
Joker worked: ------------------- N/A
Outcome joker: ------------------ N/A

Profit/(Loss) Without Commission:--- 2.40

Trade Comments:

  • Pretty big miss due to covers
  • Should have waited for 9EMA and 22 as whole number
  • 9EMA + 22 + break-out spot, pretty sensible retracement target

Execution detail:

Date/time Symbol Side Price Position
2015-05-12 13:30:15 PNX sell $23.040 short
2015-05-12 13:30:53 PNX buy $22.800 0


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