I like trades like this, it is very good and calm trade. I was buying a starter for a possible breakout of $16 level, was risking only 10 cents. After break out I doubled my size. After the stock retested $16 level but held it added more. You can see, that my first sell was early, I did it to free some cash for another trade. So, my first quit was with a half position at 16.40, later I was scaling out. Left only 100 shares for a possible run to the 17$ level, put a stop at 16,40 and was stoped out there.
Risk/reward ratio of a current trade was 1/4. Gain in %: +2.4%.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-10 10:54:46 | DF | buy | $16.000 | long |
2015-08-10 10:57:53 | DF | buy | $16.090 | long |
2015-08-10 11:09:06 | DF | buy | $16.120 | long |
2015-08-10 11:17:36 | DF | sell | $16.190 | long |
2015-08-10 11:27:44 | DF | sell | $16.400 | long |
2015-08-10 11:40:24 | DF | sell | $16.560 | long |
2015-08-10 11:40:24 | DF | sell | $16.570 | long |
2015-08-10 11:44:07 | DF | sell | $16.680 | long |
2015-08-10 12:05:43 | DF | sell | $16.400 | 0 |
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