Shared by
chanel
I entered early and around the previous high of the 5-minute bar. I wanted to see 27.50 hold and have more volume come in. To confirm the momentum, I entered in the 2.60's. Entered using a buy-stop to get a better entry. The trade execution and management was great. There was a risk management plan set in place before entering I knew my profit target and made adjustments as the trade played out.
Adjustments:
- Use a stop-limit order to get a better entry
Psychology
Trade psychology was excellent. I was focused on the setup and price. I asked myself the right questions during the trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-10-15 13:43:25 | FPRX | buy | $27.650 | long |
| 2015-10-15 13:49:29 | FPRX | sell | $27.830 | long |
| 2015-10-15 13:52:08 | FPRX | sell | $27.960 | long |
| 2015-10-15 14:07:22 | FPRX | sell | $27.680 | 0 |
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