Trade Idea can be found
After discussing this trader further with my mentor, I didn't follow any risk guidelines. He asked me what was my target before entering the trade. I had 21.10 as a target but that was a swing target. I did not have a Day Trade target for this. So it's tough to gauge if I followed my risk guidelines even though it "felt" like I did.
No, I did not use a feeler because my initial position was on the Pull Back.
This is tough to answer since I can't say yes I was sized correctly if I don't know the R v R.
I did not chase the trade. In fact, I didn't do anything with this trade. I failed on my executions but I thought I had great entries.
I should have crushed this trade. Perhaps my early morning loss in a swing caused me to get off my game. Check my blog post for further details on this trade and the opportunity cost I lost out on had I traded this like every other time I take a trade like this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-06-18 10:16:04 | OVTI | buy | $19.810 | long |
2013-06-18 10:16:04 | OVTI | buy | $19.810 | long |
2013-06-18 10:16:04 | OVTI | buy | $19.810 | long |
2013-06-18 10:16:04 | OVTI | buy | $19.810 | long |
2013-06-18 10:16:04 | OVTI | buy | $19.810 | long |
2013-06-18 10:30:35 | OVTI | buy | $19.920 | long |
2013-06-18 15:55:18 | OVTI | sell | $20.250 | 0 |
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