Shared by
ToqueX
Grade=C
The setup: Pullback to 9ema (5m chart)
The result: I like the entry and the last exit. In fact I'm pretty happy with it. I took partial profits quickly and then most of the rest at 25.10. The total position was 240 shares and I only saved 20 for the lotto. It turns out that that worked out well and now I can see that I could have scaled into a larger position and scaled out as well. One step at a time though. I'm just glad to have a good entry and be in on this move for now.
The lesson: Learn to identify when the move is strong and worthy of adding more shares. I could have added as the flag started rounding just above 25.00 and held until about where my last exit was.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-06-01 10:12:18 | ADXS | buy | $24.800 | long |
| 2015-06-01 10:12:19 | ADXS | buy | $24.800 | long |
| 2015-06-01 10:12:39 | ADXS | buy | $24.800 | long |
| 2015-06-01 10:19:34 | ADXS | sell | $24.900 | long |
| 2015-06-01 10:19:34 | ADXS | sell | $24.900 | long |
| 2015-06-01 10:21:19 | ADXS | sell | $25.100 | long |
| 2015-06-01 11:06:36 | ADXS | sell | $25.850 | 0 |
Comments
ToqueX
Thanks for the comment. The first two sells are just me trying to guarantee some green. I'm coming out of a slump and my patience to "let the trade play out" has worked against me too many times. 26.00 seemed like a pretty ambitious target for this trade at the time, but I'm glad we got there.
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I don't really get your first 2 sells but not bad.