Shared by
hicks
GainToMoveHigher or HasToGain
Trade Rationale:
Gain To Move Higher trade
Entry:
Was a little too soon. I was looking at a 1600t and executed. They pushed it way lower. In fact, I don't know if this was a "gain to move higher" or "has to gain" type trade. But took a lot of heat. Doubled down and added more when they sold off. At least in NQ, I guess they can scrimmage a lot more than ES. Not to the tick type action....slippage could be quite a bit.
Stop/Risk:
Swing low of "gain to move higher" section of chart
Exit:
bracket exits
...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-29 10:48:45 | MNQM1 | buy | $13903.50 | long |
| 2021-04-29 10:50:15 | MNQM1 | buy | $13894.00 | long |
| 2021-04-29 10:51:02 | MNQM1 | sell | $13904.00 | long |
| 2021-04-29 10:51:02 | MNQM1 | sell | $13903.25 | long |
| 2021-04-29 10:51:02 | MNQM1 | sell | $13903.50 | long |
| 2021-04-29 10:51:41 | MNQM1 | sell | $13914.00 | 0 |
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