RENN Trade on Jul 7, 2015 10:47 from JensW: Tradervue User Stock Trades.

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JensW

 

Day in general:
- Red day after commissions
- Completely avoidable ... was green
- Then hit DSKX, where IB ran out of shares in the middle of the trade
- Followed the DSKX drama with a revenge trade and daily gain was gone
- Upset to have ruined the day, by being silly towards the end of day
- Many tiny losses due to bounce plays, which did not work out in AM
- Too hot to think straight, had to stop many, many times (34 degrees)
- Weird, completely eradic market behavior with a ca. 2% bounce in SPY

Trade:

Set-up: ------------------------- Intraday parabolic long
Quality of set-up: -------------- A
Number of Entries: -------------- 1
Capital used: ------------------- ca. 300
Risk: --------------------------- moderate
Stop: --------------------------- 2.99 ... 4 cents
Target: ------------------------- 3.20 ... 17 cents
Reward to Risk: ----------------- 4:1
RSI: ---------------------------- ca. 9
Recent performance: ------------- ca. -18% 
Number of up / down candles: ---- 6
Shape of last candle b/f entry:-- Large wick and whole number 3
Joker: -------------------------- no
Joker worked: ------------------- N/A
Outcome joker: ------------------ N/A

Profit/(Loss) Without Commission:--- 8.10

Trade Comments:

  • This was a almost a perfect set-up for a bounce play
  • Sharp sell-off of ca. 20%
  • Whole number at 3
  • Wick below 3
  • 9EMA was at 3.20, which really should have been the target
  • Covered too early

Execution detail:

Date/time Symbol Side Price Position
2015-07-07 10:47:08 RENN buy $3.029 long
2015-07-07 10:52:24 RENN sell $3.110 0


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