Day chart had the bounce off the 20ema and I was stalking that all day. Once it did that I looked for an intraday entry.
I was in earlier on the flag that remounted the MAs and VWAP. When that move was over and I got stopped out, I looked for a re-entry as the 9 and 20 were still holding as support. It flagged and I entered in anticipation, 2 candles before the actual breakout.
I noted that the $4.00 level was resistance. I had raised my stop to $0.02 under the 9ema, then got busy with work and wasn't watching during the actual spike into the $4.00 level, which failed and turned the afternoon around. I would have tightened up my sell price more as failure to break and hold was my final reason to sell this move. I gave up 20% of the move because of that.
Mental jewels: can't let excuses get in the way, otherwise I will always perform below my true potential. In hindsight, I did capture the most of this move that proper entries and exits would have allowed. Grinder stock but I knew that going in.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-15 12:32:00 | SDRL | buy | $13.700 | long |
2015-05-15 14:08:00 | SDRL | sell | $13.900 | 0 |
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!
iodeally i wouldlike u to get much earlier int he pattern but u did what u could