Shared by
JensW
Day in general:
- Green day after commissions
- Shorter day due to trip to MUC
- Lots of parabolic price action, option expiry date
- O.k. with number of trades
Trade:
Set-up: ------------------------- Intraday parabolic short
Quality of set-up: -------------- B
Number of Entries: -------------- 1
Capital used: ------------------- ca. 310
Risk: --------------------------- high
RSI: ---------------------------- 83
Recent performance: ------------- +12%
Number of up / down candles: ---- Grinding higher all morning
Shape of last candle b/f entry:-- Nice, large candle with rejection at whole number
Joker: -------------------------- N/A
Joker worked: ------------------- N/A
Outcome joker: ------------------ N/A
Profit/(Loss) Without Commission:--- 1.90
Trade Comments:
- Faded strongly for the rest of the day
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-15 10:58:01 | OVAS | sell | $30.940 | short |
| 2015-05-15 11:01:39 | OVAS | buy | $30.750 | 0 |
Comments
JensW
I am live since Feb. 2015. I am slowly starting to be more consistant.
You should not trade any size, if you do not manage to:
a) finish green at least 3 out of 5 days per week
b) fiinish 2 green weeks in a row.
Both criteria need to be met simultaneously.
Thereafter, increase size by ca. 20-25% per week. (average position size 500 USD, once increased ca. 600 USD) I plan on slowly adding size, always given that I am consistantly profitable.
It would be nuts to trade any size, if your stats show you are not consistant.
dgtrader
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Just a question, you seem to take some really good trades, how long will you trade with the size you currently trade?