SWHC Trade on Dec 19, 2012 10:32 from tdktown: Tradervue User Stock Trades.

So this was really a 5' entry that I got into late. So I played it as a breakout on the 1'. I should have should half at .26 and held for the d20 on the daily (.68) or eod. I was really close to my weekly goal so I held longer and just tightened my stop. I took at my weekly goal and take the next week off!

Execution detail:

Date/time	Symbol	Side	Price	Position
2012-12-19 10:32:32	SWHC	buy	$8.100	long
2012-12-19 10:32:33	SWHC	buy	$8.100	long
2012-12-19 11:09:25	SWHC	sell	$8.390	long
2012-12-19 11:09:26	SWHC	sell	$8.390	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SWHC&trade=321247&end=20130118&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SWHC&trade=321247&end=20121219112726&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SWHC&trade=321247&end=20121219132926&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SWHC&trade=321247&end=20121219112726&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Jung

2012-12-19 12:17:40

Hi Tdktown, what is your weekly R target?

tdktown

2012-12-19 16:15:21

I look for 10r / week. My max loss per day is 4r and I limit myself to 6r loss per week then I cut myself off. I have only hit the daily cutoff 5 times and the weekly cutoff once. Even with my only max loss 2 weeks ago I am up 17r this month.

derekrucki

2012-12-19 16:24:49

great trade!

tdktown

2012-12-19 16:29:47

I should mention 1st of the year I am changing my management a little. I have been tracking several different strategies this month. With the best strategy I would be up 22r and would not have had the max loss in the first week.

Jung

2012-12-19 18:28:11

thanks tdktown, my aim is also 10r a week but, my max daily loss is -2r a day but I never considered max weekly loss, that is something I'll think about and implement.

SWHC Trade on Dec 19, 2012 10:32 from tdktown: Tradervue User Stock Trades.

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