XELA Trade on Mar 9, 2021 09:43 from aaroncirilo77: Tradervue User Stock Trades.

Shared by
aaroncirilo77

First Baonce?
VWAP Reclaim?
First Resistance?
Deathline?
First Red Day?
Low Hanging Fruit?
HotChickLong

Entry Idea:

I felt like this was strong on good news.

Trading plan:

Risk: $25

Shares: 100

PT 1:

PT 2 :

During trade:

Take away:

I loved my execution on the first trade then
In on a pullback... instantly green.. then I scaled out at key levels 25% at a time.
the last 25% of the position I put on a 27 cent trailing stop based on ATR (5Min) but then I got stopped out but I felt like the stock had more upside so I jumped back in with the same 25% position size and gave back 20% of the gains on the first trade.
I should have just let it go and save my small account BP for power hour.

https://youtu.be/RioP2P7o5Ss

Execution detail:

Date/time	Symbol	Side	Price	Position
2021-03-09 09:43:08	XELA	buy	$2.649	long
2021-03-09 09:45:32	XELA	sell	$3.010	long
2021-03-09 09:55:08	XELA	sell	$3.430	long
2021-03-09 10:06:55	XELA	sell	$3.960	long
2021-03-09 10:13:52	XELA	sell	$4.011	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=XELA&trade=28544227&end=20210309103352&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=XELA&trade=28544227&end=20210309113452&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=XELA&trade=28544227&end=20210408&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=XELA&trade=28544227&end=20210806&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

PilotTerry

2021-03-09 18:21:27

Nice ! I was tracking this one as well... I'm learning with smaller size as well..

aaroncirilo77

2021-03-09 21:29:24

well thx! i hope you did well on it... a very strong but “whippy” stock! thx for commenting

ADillPickleTrading

2021-03-10 09:00:29

you did a really good job on scaling out, the entry was nice on the first pullback after a dip. How do you calculate when you scale out, you caught the move very nicely

aaroncirilo77

2021-03-10 14:52:39

thx I appreciate that.
Some of the scaling was based on important numbers from my perspective. (whole numbers, resistance from left in the chart). the video explains my thoughts better than I can recall right now.

I'm really needing to work on a better plan on scaling... sometimes I scale too soon than other times I wish I had. I'm considering moving to 1/3s ...and when I hit 1 R to take off 1/3 then when I hit 2 R another 1/3 and keep the last 3rd for more.