OCGN Trade on Apr 7, 2021 10:38 from rrodriguez: Tradervue User Stock Trades.

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Shared by
rrodriguez

 

Shares traded: 200
Closed Gross P&L: $-8.50

Tags:

Breakout Trade Frontside Discretionary TimeframeRegularSession

Plan:
Strategy: 2R-AON.
Entry Signal: Breakout past previous HOD 7.29
Stop Entry: 7.34
Actual Entry: 7.34 (Splippage 0 cent)
Stop Loss @ : 10 cents (7.24)
Plan Exit@ 20 cents (7.54)
Actual Exit : 7.25 (-8.5 cents)
R: -0.85R
Break Strategy? :I did not break my strategy.
What went wrong? : I should have opened up my stop loss to the lowest point between current entry point and the previous HOD.(7.05 or 7.0), and adjusted my size to maintain risk @ 10usd/trade. @ a 34 cent risk, the stock would need to reach 8.02 to have 2R profit. In this case, it would have reached it and beyond ( peaked at 3.67R).
Learned Lesson: Open up those stop losses, and adjust position size as required.


Execution detail:

Date/time Symbol Qty Price Position
2021-04-07 10:38:08 OCGN 100 $7.335 100
2021-04-07 10:39:37 OCGN -100 $7.250 0


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