-1R.
I wasn't very confident in the trade and I had a tight stop too.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-09 14:06:59 | PACB | buy | $8.260 | long |
2015-10-09 14:08:14 | PACB | sell | $8.160 | 0 |
Phad thank you! Good points! I didn't even notice the triangle/flag on the 30-minute/i hour chart before. I controlled my risk, but I was actually overtrading at this point haha.
Thanks for the comment!
Hi!
I realized something after I sent this which is a bit embarrassing. If, by chance, you happen to be recently seen with a country star, are making 3 out of 2 and enjoy large, wine cask carrying canines then I apologize for commenting on your trade and would very much like to follow your trades on here. When I saw the 'Mari_BOWS' it didn't even dawn on me... duh? Anyway, if you are the person discreetly eluded to above please let me know. I would like to study your trades and become a better trader. Thanks and hope all is well. :-)
Haha I was so confused at this comment at first. It took me a while to figure out you're talking about Maribeth. No, I'm not Maribeth. I'm just a BOWS student.
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Hi
You had a plan and traded it. Nothing wrong with that and you controlled loss effectively regardless of what happened later. My only comments are these, for what they are worth, you played the long after the 8 b/o which was anticipated and had that look on the 1hr chart. ( I was in 7.87 long). If you are entering a long after a .30 b/o on a whole dollar number - i.e. $8, unfortunately, you may need to set risk at $8 or below. If you are setting risk at set amounts -i.e. .10 or .15 those stop figures need to line up with the price action. In other words, I would not focus on set amounts for risk as opposed to stops where you see the trade not working, in this case, set below the low of consolidation after the b/o which was about 8.12-8.13 on the 1m chart. Anyway, life ain't perfect and PACB was trading a bit .. prickly, seemed a bit manipulated to me. Hope I said something useful and, remember, cutting losses and protecting capital is a HUGE part of being consistent and consistency is what makes great traders great. All the best and good trading!