PMCB Trade on Aug 18, 2021 09:46 from LMDTrading: Tradervue User Stock Trades.

Gravatar

Shared by
LMDTrading

 

Timeframe: NO CLUE
Strategy: NO CLUE
Valid Trade: NO
Thoughts at time of trade: Not sure what I saw at the time of the trade.

Notes: trade actually went 1.24R and I should have been monitoring to get out. My stop was not properly set and I took a 2R loss... BAD TRADE.


Execution detail:

Date/time Symbol Side Price Position
2021-08-18 09:46:57 PMCB buy $8.239 long
2021-08-18 10:02:33 PMCB sell $7.070 0


Comments

Gravatar JRojas006
2021-08-18 16:31:25
 

How do you go about calculating the "R".

2021-08-18 22:39:40
 

Hey, playing the PMCB casino today? Same here. In and out a few times. Didn't have the testes to try my luck for the break of the PM high. Finally broke and squeezed on no news. I guess your stop was 8... but it blew right through it? What was your target? Rough one. More opportunities tomorrow.

2021-08-19 07:55:39
 

@JRojas006,
The "R" is just the risk i'm taking per trade... For easy math let's say my risk per trade is $100. If I am taking a trade and my stop loss is $1.00 below the share price I would buy 100 shares. If I get stopped out I will lose $100(1R). With a $.50 stop I would buy 200 shares... My target per trade is usually 2R or two times my risk.

Hope that explains what you were asking.

2021-08-19 08:02:06
 

@SpecTraderJMC,

This was just a poorly executed trade. My stop should have been just below the low of the candle previous to me getting in the trade. I shouldn't have gotten into the trade because of the topping tall candle two candles over on the 1' chart. Traded right into it and trade did exactly what it was supposed to do... STOP ME OUT.....LOL I should have only taken a 1R hit thought and took 2R.
Happy trading today.

Gravatar JRojas006
2021-08-19 08:32:59
 

Yes, thanks for the reply. What type of profit target did you have in mind for this trade?

Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in