GSAT Trade on Dec 19, 2016 10:19 from coryjpat: Tradervue User Stock Trades.

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coryjpat

 

This was my favorite trade so far even though I got greedy and left $100 on the table by not closing closer to $1.60 high when I had the chance to versus not watching a stock fall $0.11c. Found in ToS pre-market scanner.

(B)-Buy (S)-Sell
MACDH=> 0.002427(B) - 0.0156792(S)
MACDT=>(B) Just before the MACD lines cross and the Parabolic SARs switched directions
Volume=> 1,049,719(B) - 1,471,587(S)
Shares=> 1000
RSI=> 54.5506(B) - 63.9472(S)
MACDT=>(S) Above moving average but beginning to trend downward
OPEN Trade:$1.37 ($1370.00)(B)
CLOSE Trade:$1.496 ($1496.00)(S)
P/L: +$125.70

I knew if it broke the 1.35 resistance that it would run. The volume was high but the price move at a speed and clarity that I could handle. There was somewhat of a symmetrical triangle from and I watched the price squeeze closer to that mark.

  1. Great setup and entry, I plan the entry the best I have so far. I went in just as the Parabolic SARs turned over its position to an up warding trending move.
  2. I stuck to the entry properly and made sure to not entry on it too early.
  3. I seem to get greedy after my profits make it above $200 so I believe that I need to begin to close out once I've confirmed that price is consolidating at that point.

Overall Grade: B+


Execution detail:

Date/time Symbol Side Price Position
2016-12-19 10:19:54 GSAT buy $1.370 long
2016-12-19 10:45:38 GSAT sell $1.496 0


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