Shared by
rogomon
Took a small long position on this stock with bullish news @ 2.17 with a .07 cent risk. It was consolidating well and I used the 9EMA as a guide and to define risk.
When it wasn't spiking as fast as I liked, I took off half for a .02 cent gain.
The daily chart supported a rebound and I took my profits fairly aggressively.
Trading small this month to regain/improve consistency.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-05 09:38:51 | IMMU | buy | $2.170 | long |
| 2016-02-05 09:51:50 | IMMU | sell | $2.190 | long |
| 2016-02-05 09:51:50 | IMMU | sell | $2.190 | long |
| 2016-02-05 09:51:50 | IMMU | sell | $2.190 | long |
| 2016-02-05 09:58:34 | IMMU | sell | $2.380 | long |
| 2016-02-05 10:00:19 | IMMU | sell | $2.290 | long |
| 2016-02-05 10:00:36 | IMMU | sell | $2.340 | 0 |
Comments
rogomon
If you're scared you are probably in too big. I cut back my trading sizes this month to guard against emotional trades. Even 100 share lots temporarily to prove your trade ideas work is worth it.
Naeva
thanks for the help :) I guess I focus too much on PnL instead of being consistent. thank you.
gregr
Just a suggestion - you mentioned you were using the EMA(9) to help during the trade...you might consider adding that to your charts here, to better illustrate your thought process! More here on how to add studies to charts.
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The premarket high was a psycologic point (2.45). but everytick scared me as I trade scared... and lose at the same time