SOS Trade on Mar 3, 2021 13:37 from Steve_Trades: Tradervue User Stock Trades.

Top Trade on the day.
Waited for a hard crack with volume selling.
Got short when we weren't able to make the higher high.
Happy with that entry.
Covered into the 20EMA on the 5 minute chart.
Using that $8.50 shelf as anticipated support.
Lots left on the table, but a very quiet day and taking the win.
+1.75R

Execution detail:

Date/time	Symbol	Side	Price	Position
2021-03-03 13:37:03	SOS	sell	$9.100	short
2021-03-03 13:46:22	SOS	buy	$8.490	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SOS&trade=28326509&end=20210303144222&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SOS&trade=28326509&end=20210303160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SOS&trade=28326509&end=20210303160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SOS&trade=28326509&end=20210402&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Joes_Trading_Shop

2021-03-03 15:53:21

Nice trade. I notice you are putting in your risk/reward on each trade. Do you risk a set dollar amount for every trade or does it vary according to setup?

Steve_Trades

2021-03-03 16:04:28

Thanks, appreciate that. I keep a fixed dollar risk per trade. My stop-out on the day is equivalent to 2 average green days over the last 21(ish) trading days. Modeled after Stan Gluzman's (@ciocanaTrader) approach which he talked about on his recent Chat With Traders podcast episode. Its a sensible way to size up responsibly based on merit and results. Cheers,

SOS Trade on Mar 3, 2021 13:37 from Steve_Trades: Tradervue User Stock Trades.

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