OCN Trade on May 1, 2017 12:03 from tradertony: Tradervue User Stock Trades.

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tradertony

 

Ever since the day this took a 50% haircut I was keeping it on watch to see if it could grab a bid and squeeze a bit. Today looked to be the day. I was watching after it broke to NHOD in the morning and debated on buying the pullback to 3. I knew this was probably a good play and I'm not sure why I didn't take it. I mention this because I think this is why I hopped in so early on my buy. I originally wanted 3.15 but when it looked like I wouldn't get it I hit the ask and moved up my target accordingly. Clearly now I could have been more patient but I was expecting a much larger and continued move higher throughout the day. The stock continued down and kept getting stuffed into 3.25, not even 1R past my entry. I've been smoked too many times not sticking to risk and then having the stock go my way. So i stuck to my rule or stop or target here and it paid off, sort of. My risk was just below 3, and I really debated on just taking off the position because everything was looking like it wanted lower. But I held. I ended up getting bailed out on rumors of a PT increase. Typically when news like this comes out mid-day that ends up being the big boys exit so I took it off on the HOD push that failed. It was not my original target but after sitting underwater all day and getting a little over 1R I took it. Not the best entry due to fomo but proud that I stuck to plan and it paid.


Execution detail:

Date/time Symbol Side Price Position
2017-05-01 12:03:11 OCN buy $3.180 long
2017-05-01 14:01:43 OCN sell $3.350 0


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