Position Size: 10
Total Volume: 20
Current Trend: Broke out of range
Entry Price: 18.52
Entry Setup: Holding the 9, vwap, and 20 on 5-min, started flagging
Stop Price: 16.00
Stop Reason: Under the 9 and vwap
Total Risk: 25.00
P/L: 13.65
Exit Price and Reason:
(5) @21.35 took off half as it broke to new highs
(5) @18.42 stopped out on entry
Lesson: This trade would have been more profitable if entry was earlier and risk was minimized.
My Grade: C entry wasn’t the best, but once in I played the chart, sold half at hod and set my stop at my buy. Again I don't like that my profits were only half my risk if it didn't work.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-18 10:03:57 | DRYS | buy | $18.520 | long |
2016-11-18 10:23:30 | DRYS | sell | $21.350 | long |
2016-11-18 11:01:15 | DRYS | sell | $18.420 | 0 |
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