WHY: Low float, runner in pm, daily chart had room, Good risk reward, held key levels inverse H&S.
HOW: Took this in two trades, got in after new Low put in then reclaimed previous low setting up inverse HS. After failed break of 7 sold out and looked for re-entry for IHS to set up better. Once Left shoulder support was tested and held, got in full size. started scaling out around 7 test then break of 7.
WHAT: Could have scaled out a bit better, also recreated same pattern later in the day into AH, did not take.
Risk: .15
RR: 3:1
Total R:3R
Percentage of full size: 100%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-12 10:50:21 | PIK | buy | $6.780 | long |
2022-01-12 11:10:00 | PIK | sell | $6.880 | 0 |
2022-01-12 11:46:48 | PIK | buy | $6.590 | long |
2022-01-12 11:53:53 | PIK | sell | $6.890 | long |
2022-01-12 12:01:22 | PIK | sell | $6.870 | long |
2022-01-12 12:12:21 | PIK | sell | $7.460 | long |
2022-01-12 12:12:49 | PIK | sell | $7.360 | 0 |
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!