MARA Trade on Jun 11, 2015 10:22 from JensW: Tradervue User Stock Trades.

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JensW

 

Day in general:
- Tiny green after commissions
- Did not take gains when available (KKD)
- Covered one position (NQ) way too early
- Overtraded by trading P&L, did not manage to meet goal to ignore P&L
- Somehow distracted, not 100% focused, hesitant

Trade:

Set-up: ------------------------- Intraday parabolic long 
Quality of set-up: -------------- B
Number of Entries: -------------- 1 
Capital used: ------------------- ca. 180
Risk: --------------------------- low, stop
Stop: --------------------------- 3.55
Target: ------------------------- 3.80 
Reward to Risk: ----------------- 4:1
RSI: ---------------------------- 12
Recent performance: ------------- -32%
Number of up / down candles: ---- 6
Shape of last candle b/f entry:-- Massive exhaustion candle

Profit/(Loss) Without Commission:--- -1.50

Trade Comments:

  • Was a solid set-up for a quick bounce
  • Mistake was that I moved my stop up from 3.55 to 3.6, which was break-even
  • Did not give the price action any room
  • Stock did hit 3.8 in next 10min
  • Felt really bitter about loss
  • Lesson: Important to have tight stop, when playing these low RSI stocks, but not too tight to get stopped out in no time

image


Execution detail:

Date/time Symbol Side Price Position
2015-06-11 10:22:05 MARA buy $3.600 long
2015-06-11 10:26:56 MARA sell $3.570 0


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