Paper Trades. There are 3 trades in this entry.
Trade 1: Bear flag breakdown. Got in on the break down at 23.16. It did as expected but not a big move. Got out with a profit reducing my loss for the day to about $15 (down from -$167).
Trade 2: Another Bear flag breakdown. But this time, it barely did anything. I stuck with it for a bit, but ended up stopping out because it wasn't performing. This took my loss to -$110.
Trade 3. Observed about 40 minutes of consolidation under $23. The trend was showing a pending breakdown. I hopped in at 22.79 with a tight stop at 23.01. If it truly did want to go down, I would be in a good spot. If it decided to pop, I wasn't risking much. But I was right. It began to drop. The open for the day was at 22.23 so I placed my first target for half my position at 22.15. After about 5 minutes, it just wasn't dropping like I thought it would. So I took half out at 22.49. I left my other half sitting at 22.15. I continued to move my stop down with the averages. Then it dropped and got me out at 22.14. And it appears I was right, it bounced off 22.10 and climbed. So good target placement taking support into consideration.
To see todays trades, including this one, here is a link to the video.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-29 10:24:12 | KOSS | sell | $23.160 | short |
2021-03-29 10:32:32 | KOSS | buy | $22.460 | short |
2021-03-29 10:36:30 | KOSS | buy | $22.840 | 0 |
2021-03-29 10:45:57 | KOSS | sell | $22.550 | short |
2021-03-29 10:53:39 | KOSS | buy | $22.740 | 0 |
2021-03-29 11:06:21 | KOSS | sell | $22.790 | short |
2021-03-29 11:17:15 | KOSS | buy | $22.490 | short |
2021-03-29 11:20:59 | KOSS | buy | $22.140 | 0 |
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