Shared by
darrelld30
I had the perfect low risk high reward set up with my stop right below the 20 sma but didn't have patience.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-11-04 13:05:01 | OAS | buy | $11.850 | long |
| 2015-11-04 13:05:01 | OAS | buy | $11.850 | long |
| 2015-11-04 13:12:20 | OAS | sell | $11.925 | long |
| 2015-11-04 13:12:20 | OAS | sell | $11.930 | 0 |
Comments
darrelld30
It was riding the 20 sma on the daily so I figured it had to be support but didn't trust myself because I had pretty much lost my mental capital from previous losses.
Alvan_BOWS
This is good. Even though it was a winning trade, you can learn a lot about it to see your errors. Be proud of your entry, now just work on the hard part of exiting. Just remember, reasons to sell, reasons to sell, reasons to sell. Also, not seeing a setup. It was riding the 50ema on the 30m chart, but I wonder if this was just a stab at it. Then you got lucky you felt, so you were counting your blessings and just exited? I'm just speculating, lol.
Thanks Alvan! I definitely need to clean up my exits and work on the reasons for selling I'll start doing that tomorrow.
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You nearly pegged the entry. Awesome!! But, I can't see why. Why did you enter here? It was great and I want to be able to do that too ;). As for exit, you just have to hit a "reason 2 exit".