Shared by
Goku_A7
2 different trades here. You can almost perfectly trade this guy between the round numbers every time.
1st one. This guy filled the opening gap real quick and bounce off previous days support. Was following the 9EMA up and had a cuppish look and a top forming at 44. Pretty risky trade so I took a half position. Scaled and set a 35 cent trailing stop. 45 was resistance, so maybe I should have sold the other half there instead of trailing.
2nd trade: was forming a top at 45. anticipated the trade and entered below 45 with the EMAs closing in. Accidentally doubled my position when I was setting the stop and lowered my average price. Sold it to reduce my risk as soon as it ticked back up. Trade never came to fruition so I think I may have lost a few bucks on it in the end. Double dipping isn't working for me.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-02 09:57:50 | YY | buy | $43.970 | long |
| 2013-08-02 09:57:50 | YY | buy | $43.970 | long |
| 2013-08-02 10:07:18 | YY | sell | $44.630 | long |
| 2013-08-02 10:07:18 | YY | sell | $44.615 | long |
| 2013-08-02 10:16:54 | YY | sell | $44.700 | 0 |
| 2013-08-02 10:42:25 | YY | buy | $45.000 | long |
| 2013-08-02 10:42:30 | YY | buy | $45.000 | long |
| 2013-08-02 10:42:34 | YY | buy | $44.951 | long |
| 2013-08-02 10:48:42 | YY | buy | $44.814 | long |
| 2013-08-02 10:57:47 | YY | sell | $44.970 | long |
| 2013-08-02 11:04:30 | YY | sell | $44.650 | long |
| 2013-08-02 11:04:30 | YY | sell | $44.610 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!