Shared by
ToqueX
Grade=F
The setup: ORB (that was the idea anyway)
The result: Stopped out.
Entry: I wanted it to break to the upside from the opening range. I should have bought at the bottom of the range. Perhaps I was chasing or perhaps I thought this was okay at the time.
Exit: I think it had just moved too much, too quickly, so I hopped out.
The lesson: I need to get better at this. I can buy at either side of the opening range if I have good reasons and a setup, but not this mess in the middle of the range. Risk is not tight and reward is unpredictable at best. The opening range can be played, but not like this.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-06-05 09:41:14 | YY | buy | $65.930 | long |
| 2015-06-05 09:41:15 | YY | buy | $65.930 | long |
| 2015-06-05 09:41:35 | YY | sell | $65.810 | 0 |
Leave a comment about this trade!
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!