Shared by
Boston
I was trading this stock off the 5 min chart and really liked the setup. It was pullback on the 5 min to a breakout level on the daily chart. This is like a text book setup for me. The only problem was that I was focusing on the pnl and not the trade. I stopped out of the trade because I didn't want it to turn red on me. But what I was supposed to do was place my stop behind the last low. Then move it up when it makes a higher low. If I did this, this trade would have been a nice winner. Need to focus on stop placement and follow my plan.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-03-02 10:01:27 | ANF | buy | $12.980 | long |
| 2017-03-02 10:01:53 | ANF | buy | $13.000 | long |
| 2017-03-02 10:05:14 | ANF | buy | $12.970 | long |
| 2017-03-02 10:14:51 | ANF | sell | $13.030 | long |
| 2017-03-02 10:15:15 | ANF | sell | $13.010 | 0 |
| 2017-03-02 10:17:38 | ANF | buy | $13.180 | long |
| 2017-03-02 10:25:07 | ANF | sell | $13.140 | 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!