ALXN Trade on Aug 24, 2017 09:56 from JeffJeezy: Tradervue User Stock Trades.

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JeffJeezy

 

The candle I got in on was a .40 cent candle (top to bottom it was moving up and down by .40 cents inside the 1 candle) so it was moving a lot.

The candle I entered on, where I entered had engulfed the wick from the previous high 5 candles before it. That is a bullish sign, 5 candles ago, the bears soaked that candle up, now 5 candles later we were blasting through that area.

I was up .40 cents at one point in this play, but since this stock is almost $137 per share, I had a small position of only 50 shares, which caused me to be greedy and look for a much bigger move. ( I know I should always play the chart regardless, but just keeping it real, at the time I was being greedy instead of playing what I was seeing, looking for at least $137.50.)

I should have gotten out when it started stalling and wicking around $137.00 ( right before 11:00a at the top)...I actually let this one stop me out so I waited it out completely. The stop was below support originally but I had moved my stop up a few times as we climbed higher, so by the time it went against me and then stopped me out I had a very manageable loss. .22 cents on 50 shares for a loss of only $10.50.

Risk Management was on point, I didn't size in too big, I trailed my stop with the M.B.'s, I handled this well as far as the risk mngmnt, not sizing in too big and scooting my stop up as we went.


Execution detail:

Date/time Symbol Side Price Position
2017-08-24 09:56:12 ALXN buy $136.780 long
2017-08-24 11:14:35 ALXN sell $136.570 0


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