OHRP Trade on Jul 13, 2015 14:32 from JensW: Tradervue User Stock Trades.

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JensW

 

Day in general:
- Large red day after commissions
- Worst day in many months
- Broke many of my rules (too early on OHRP, position sizing mistake on IMGN)
- Completely caught off guard by bullish market action
- Severe blow to confidence
- Did manage to make back ca. 1/4 of loss later in the day
- Massive overtrading to make things back

Trade:

Set-up: ------------------------- Intraday bull flag
Quality of set-up: -------------- B
Number of Entries: -------------- 1
Capital used: ------------------- ca. 200
Risk: --------------------------- moderate
Stop: --------------------------- 3.70 ... 6 cents
Target: ------------------------- 4.00 ... 24 cents
Reward to Risk: ----------------- 3:1

Profit/(Loss) Without Commission:--- -3.00

Trade Comments:

  • Entry at the wrong spot, too high
  • Even stop below 9EMA would not have helped
  • Stock dropped to 3.60 area, almost 20EMA
  • Don't like trading bull flags ... period

Execution detail:

Date/time Symbol Side Price Position
2015-07-13 14:32:50 OHRP buy $3.760 long
2015-07-13 14:39:19 OHRP sell $3.700 0


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