Shared by
mbarattino_BOWS
started breaking its trendline from the day before, trying to get better at trading within the first 30 min of the day, breakout failed and I got out, still suck at trading the open
-$165.00
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-01 09:32:02 | HALO | buy | $8.060 | long |
| 2013-07-01 09:39:05 | HALO | sell | $7.940 | 0 |
Comments
mbarattino_BOWS
yeah man I hate trading the open, mostly bc I suck at it, trying to get better so I gave it a try and it failed miserably haha, that's why I just wait 30 min for all the crazyness to settle down and let things develop before I take trade...oh well, and just wanted to thank you dude for all the comments I appreciate them
JoJoTrades
np, I really like to review your trades, as they are inspiring ^^
I make most of money, and my biggest winners are always in the first 30 minutes. imo, most moves out the open are faded in the opposite direciton by the MMs...both Long and Short. its a crazy volatile time, but the moves are FAST so it can be quick money, if you're smart and quick with the trigger. no time to be greedy.
actually a lot of people have a 30-minute rule, which is why I see most big reversals occur at +25~+35 minutes in. pullbacks on good-news plays I see bounce earlier...like +20~+25 minutes. almost like ppl getting in before the 30 min mark lol
you gotta trade the first 20 minutes differently than other time periods. just like lunch time you gotta do different plays..the close is different plays, etc. with your skills, I'm sure you'll be able to tear it up on all time periods of the day eventually...will be crazy gains! lol
perfect example of this same ticker, same day:
http://www.tradervue.com/shared/trades/506707
7.40 to 7.70 in like 15 minutes. bounced at +18 minutes basically. good news ticker from previous days rips
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you killed it on most other trades today (July 1 trades)...either they were big big winners, or tiny losses. except for this one...I'm really surprised they got you on this one
HALO owned a lot of ppl at the open on this trade:
http://www.tradervue.com/shared/trades/506810
http://www.tradervue.com/shared/trades/506387
http://www.tradervue.com/shared/trades/506745
http://www.tradervue.com/shared/trades/506497
http://www.tradervue.com/shared/trades/506577
and I'm sure many many others :-/