Shared by
NWJames_BOWS
daily high breakout; After the pattern tighten entered long on pull back (should have used 1.5 Size since pattern tight with 0.4% stop); sell 1/2; sell 1/4; sell 1/4 when pattern breakdown.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-04-02 10:32:00 | TAP | buy | $52.090 | long |
| 2013-04-02 11:57:00 | TAP | sell | $52.390 | long |
| 2013-04-02 12:21:00 | TAP | sell | $52.880 | long |
| 2013-04-02 14:50:00 | TAP | sell | $52.540 | 0 |
Comments
NWJames_BOWS
hindsight is great. When I sold my first lot, I was sure it was going to breakout so I decided to sell 1/2 for profit. Off course, if I knew it was going to breakout, I would have sold my first 1/2 at 52.9ish area (where I sold 2nd times).
Timpalmer13
Yeah much easier in hindsight haha. Guess all we can do is manage risk reward and probabilities. Not saying adding there is the right thing, just depends on your style. I'm just interested in how different traders manage their positions.
kunal00
oooh nice trade. not bad
Leave a comment about this trade!
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!
nice trade man. really like this set-up. would you ever add when it consolidates near the highs around 52.40 where you sold your first lot around noon and keep a tight stop?