ENTX Trade on Mar 11, 2021 09:30 from wolfgtweb: Tradervue User Stock Trades.

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wolfgtweb

 

I normally wait for a setup after the open. Which usually puts my first trade 20 to 30 minutes into the day. I am fine with that. But this one had a really nice pullback setup that went right to the bell. So I placed my order at 4.70 which would be a breakout on the 5 minute chart. It hit it immediately. Then, unfortunately, it pulled back. Typical of an opening candle. I just hoped it was very temporary. I expected big moves so I placed my stop down at 3.99 thinking 4 may be support. It only pulled back to 4.15. So I added at 4.41 on its way back up. Sold at 4.76 for $400 profit. Was thinking I was done for the day but then saw it build again. I figured if it broke through 5 it may jump. So I bought at 5.01. Again, it pulled back but not much. Added at 4.88 as it climbed back up. Sold at 5.12 as it popped for another $400. It continues to climb as I type this. But I am calling it a day.


Execution detail:

Date/time Symbol Side Price Position
2021-03-11 09:30:02 ENTX buy $4.700 long
2021-03-11 09:30:02 ENTX buy $4.700 long
2021-03-11 09:30:02 ENTX buy $4.700 long
2021-03-11 09:30:58 ENTX buy $4.420 long
2021-03-11 09:30:58 ENTX buy $4.420 long
2021-03-11 09:30:58 ENTX buy $4.420 long
2021-03-11 09:30:58 ENTX buy $4.420 long
2021-03-11 09:30:58 ENTX buy $4.420 long
2021-03-11 09:30:58 ENTX buy $4.420 long
2021-03-11 09:30:58 ENTX buy $4.420 long
2021-03-11 09:30:58 ENTX buy $4.420 long
2021-03-11 09:30:58 ENTX buy $4.420 long
2021-03-11 09:32:04 ENTX sell $4.760 0
2021-03-11 09:34:38 ENTX buy $5.030 long
2021-03-11 09:34:38 ENTX buy $5.030 long
2021-03-11 09:34:38 ENTX buy $5.030 long
2021-03-11 09:34:38 ENTX buy $5.030 long
2021-03-11 09:34:38 ENTX buy $5.030 long
2021-03-11 09:34:38 ENTX buy $5.030 long
2021-03-11 09:36:36 ENTX buy $4.880 long
2021-03-11 09:36:45 ENTX sell $5.100 long
2021-03-11 09:36:45 ENTX sell $5.100 long
2021-03-11 09:36:45 ENTX sell $5.100 long
2021-03-11 09:36:49 ENTX sell $5.140 long
2021-03-11 09:36:49 ENTX sell $5.160 0


Comments

Gravatar Joes_Trading_Shop
2021-03-11 10:45:56
 

Nice profit. So you were risking $700 on the original entry and after your adds a total of around $1400 on the trade if it were to break below 4?

2021-03-11 10:50:51
 

Nice ! Thanks for your notes ... good stuff, finished for the day.. 7:50a pst.

2021-03-11 10:56:00
 

After my add, my average was 4.56, so my $4 stop would have been a risk of $1120. But honestly at that point, it was climbing and if it turned after that add, I would have stopped well above $4. Since it was the opening candle, I tried to give it some room to move. My original target was much higher, but when it started jumping around like it did, I slid my target down because I wasn't feeling confident it would pop to my original target. Which I am happy about, because it got really choppy.

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