MEGL Trade on Jan 5, 2023 10:57 from rrodriguez: Tradervue User Stock Trades.

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Shared by
rrodriguez

 

Shares traded: 152
Closed Gross P&L: $25.08

Tags:

CatalystNo DoubleTopBreakout Frontside Discretionary AssetTypeEquities TimeframeRegularSession

Rvol:66
Float: 7.4M
Market Cap:46 MM
Short Float 0.28%
Catalyst: Chinese Stocks momentum, not specific catalyst

The set-up: Double Top Breakout
What I did Right: Bought the Double Top Breakout
What I did Wrong: Did not have a 2R target Limit order in place. Cost me an entire R.
Where I could improve:Set a 2R target hard in the system. I was in a meeting, and I could hve taken home an additional R.
Trade grade:B
-------------------------------------
Big-picture:Caught this one in my scanner. Set my stoploss below support. Could have also placed it closer to the igniting candle.
Trade parameters:2.13 x 1.80
Entry:
Trade Management: Let it run, should have had a stop in place.
Exit


Execution detail:

Date/time Symbol Qty Price Position
2023-01-05 10:57:27 MEGL 76 $2.130 76
2023-01-05 11:15:14 MEGL -76 $2.460 0


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