SHAK Trade on Oct 9, 2015 10:20 from ToqueX: Tradervue User Stock Trades.

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ToqueX

 

Grade=C-
P/L: +1.3R

Setup: short the bounce

Result: Got the move after 15 minutes and a bit of a drawdown that brushed right up against my hard stop. It tested my patience a little, and I was considering pulling the trade for a small loss, but I got the move and locked in gains at key levels on the 2m chart (setup was using 5m chart) because I was eager to make this a profitable trade and not push it too much. We were over the key level of 45 at my entry, so I liked the price, but I could have waited a few more minutes for a little more probability in the setup. However, I have missed good setups by waiting too long recently, so it seemed right to pull the trigger there.


Execution detail:

Date/time Symbol Side Price Position
2015-10-09 10:20:12 SHAK sell $45.080 short
2015-10-09 10:41:18 SHAK buy $44.890 short
2015-10-09 10:49:19 SHAK buy $44.750 0


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