TRUE Trade on Jul 10, 2015 09:51 from JensW: Tradervue User Stock Trades.

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JensW

 

Day in general:
- Green day after commissions
- Was not patient and did not let the trades come to me
- Not too many A-setups available, I forced trades
- Several low probability / "gamble" trades, which cost me

Trade:

Set-up: ------------------------- Opening parabolic short
Quality of set-up: -------------- A
Number of Entries: -------------- 2
Capital used: ------------------- ca. 900
Risk: --------------------------- high
Stop: --------------------------- N/A
Target: ------------------------- 10.75
Reward to Risk: ----------------- N/A
RSI: ---------------------------- ca. 56
Recent performance: ------------- ca. +15-16% in 4-5 candles 
Number of up / down candles: ---- 4-5
Shape of last candle b/f entry:-- Exhaustion candle of 6-7%
Joker: -------------------------- yes
Joker worked: ------------------- yes
Outcome joker: ------------------ 6 cents / 2.40 USD

Profit/(Loss) Without Commission:--- 22.00

Trade Comments:

  • Made a mistake with the covers
  • Meant to cover 20 at 11 and let the rest of 60 run
  • Target was 10.75
  • Mistake was that I covered half, 40 shares at 11 and was shaken out
  • 10.75 was the right target in hindsight ... hindsight is bliss
  • 1st to initial entry: 1.7%
  • Average price: 11.24

Execution detail:

Date/time Symbol Side Price Position
2015-07-10 09:51:16 TRUE sell $11.150 short
2015-07-10 09:52:16 TRUE sell $11.340 short
2015-07-10 09:52:16 TRUE sell $11.340 short
2015-07-10 09:55:26 TRUE buy $11.000 short
2015-07-10 10:02:49 TRUE buy $10.940 0


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