Shared by
J2WS
- Think bigger picture
- Decent Intraday entry, but ultimately I was chasing the bigger play
- Do the homework, this was an easy trade that I completely missed
Although this was a profitable trade I consider this a chase. I really need to think of the bigger picture when I identify setups like this. The real entry was above 66.09 which was a multi-day level, which also happened to be a Cup and Handle on 15 minute chart. I can't believe I missed that. This just means I'm not putting in enough work after hours to identify these type of set ups. DIS was clearly In Play since it had earnings recently.
The trade I did make should have been a subsequent add in the bigger picture play. I won't be able to elevate my trading if I continue to neglect the work I should be putting in. I need to bookmark this trade as a reminder. Always look at the bigger picture and do the homework.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-05-09 12:56:53 | DIS | buy | $66.628 | long |
| 2013-05-09 12:58:35 | DIS | buy | $66.684 | long |
| 2013-05-09 13:31:10 | DIS | sell | $66.900 | long |
| 2013-05-09 14:02:17 | DIS | sell | $67.000 | long |
| 2013-05-09 14:49:53 | DIS | sell | $66.800 | 0 |
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!