Shared by
statuko_GRQ
Price went down. Volume showed distribution. Price went through all the resistance up to the previous LOW of the stock. Constant lower lows until that LOW price was reached. Stochastic enforcing the idea of an oversold situation. Waited to see if the stock was going to pass the price resistance or not. It did not. Distribution seemed to stop. I entered at $12.03 with stop at $11.95.
At $12.18 scaled out 50% to lock profit, at $12.26 scale out 30% in hope to ride it as high as I can. Price stays at $12.32 for a little while, at this point I got greedy, volume was looking good but stochastic were signaling an overbought setup. I set my new stop loss at $12.20. I got busy doing other things and didn't sell earlier to lock in a little more profit. Stop loss get executed at $12,19.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-08 12:15:20 | CSIQ | buy | $12.030 | long |
| 2013-07-08 12:45:09 | CSIQ | sell | $12.180 | long |
| 2013-07-08 12:55:29 | CSIQ | sell | $12.260 | long |
| 2013-07-08 13:20:01 | CSIQ | sell | $12.190 | 0 |
Comments
statuko_GRQ
Hi ScalpTrade,
Thanks for the comment. I am looking forward to comments/critics in the near future.
Yes the time are off. Thanks for letting me know. Gonna have a loot at this.
JoJoTrades
this tradervue is extremely cool. my trading has clearly improved since I started using it and sharing all of my trades. enjoy!
That's awesome. I am really looking forward to it! I am only on simulator right now. But I intend to track and analyze my mistakes and what works too. I heard (the web) it was a great community too.
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SWEET trade, this is my kind of play! I tend to scalp morning dumpers for fast moves up...that would be my normal play what I'm looking for, but I do others: http://www.tradervue.com/shared/users/2357
anyway, really great bottom call on this one, and great sells too. excellent trade overall for sure.
Quick note: your trade execution times are somehow...off. you can see it in the 5-minute chart. the green and red dots (buys & sells) aren't corresponding with the actual price action. so your timing is off. the times are in EST. so maybe they are off by 1 hour or something. definitely wanna have the correct execution times input / modified, so you can see your entries and exits on the chart perfectly. makes all the difference!
depending on your broker which you're uploading from, you can set the Time Zone when you're in "Import Trades". If it still isn't doing it correctly, you can always manually correct the times by doing "Advanced" >> "Edit exevutions" under the individual trade