QIHU Trade on Jun 5, 2015 10:22 from JensW: Tradervue User Stock Trades.

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JensW

 

Day in general:
- Green day after commissions
- 1 "big" winner, which really should have been twice the gain, but I covered early
- 3-4 trades with small losses, which were boredom trades without any real set-up
- Nice day / way to end the week
- A few new lessons learned in past week, but main issues remain the same

Trade:

Set-up: ------------------------- Intraday parabolic short 
Quality of set-up: -------------- B
Number of Entries: -------------- 3 
Capital used: ------------------- ca. 2'400
Risk: --------------------------- very high
RSI: ---------------------------- 93
Recent performance: ------------- +6%
Number of up / down candles: ---- 7
Shape of last candle b/f entry:-- Way too early
Joker: -------------------------- yes
Joker worked: ------------------- no
Outcome joker: ------------------ - 27 cents / - USD 5.40

Profit/(Loss) Without Commission:--- -2.70

Trade Comments:

  • Was way too early
  • Had JD and QIHU open at the same time
  • Got a little lucky on this trade
  • Happy I minimized the loss
  • Average price was 59.48 with total position size of 2'400

  • Lesson ... wait for entering into these high priced, big company stocks

  • Do not open a trade "on the side" ... stressful to have 2 "big" trades at the same time


Execution detail:

Date/time Symbol Side Price Position
2015-06-05 10:22:39 QIHU sell $58.650 short
2015-06-05 10:29:03 QIHU sell $59.380 short
2015-06-05 10:35:39 QIHU sell $59.950 short
2015-06-05 10:46:05 QIHU buy $59.350 short
2015-06-05 10:49:24 QIHU buy $59.750 0


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