Tags:
· When i opened up the machine, i got in on ARBB and IINN prematurely, seeing that they were the hot stocks on the scanners. I did not iniitally wait to see if there was an opportunity. Got out of the premarket opps, and went back to the playbook to document the day and the levels. What i noticed is that to document my journal, i needed to go through the motions of setting levels and identifiying hot stocks, so in essence the filling out of this journal forces me to go through the motions.
· What I did good?
► For the Open trade of ARBB, i got in with my first TIER 1 lot ( 100 shares), and i let it rip through the first halt. Aftwards, upon resumption, i added a stop loss at 2.33 risking 20 cents, i thend bought the 2nd tier of for a TIER 2 total at 3.12, and sold for 19 cents above at 3.31, i then moved up my stop to 2.63 since my avg price moved up. I then moved it up again to 2.78, and then bought another Tier 1 lot at 3.95. i then moved up my one stop to 3.19, and added a 2nd stop at 3.68 and then moved back to 3.51. I sold my 2nd Tier at 4.30 into the push, and bought another Tier 1 at 4.06. i moved my stop to 3.72. I noticed that ARBB was setting a lower low, and decided to end the trade. Since the it appeared that the 9EMA pullback did not work its way to the double top. Decided to call it a day, and take my profits. Good decision. Sold at 4.13 and 4.11 respectively.
► Avg 400 shares in ,and 400 shares outs. So 219 usd divided by 400 shares, it got about a 54cent move total.
· What could I have improved?
► I should have bought the 3.95 lot closer to the 9EMA. I bought it too high into the push.
► I felt a moment of deer in headlights when i came back from the first halt. I had a moment where i had no stop loss for my 2nd tier. That could have been disasterous.
Paste Analyzed Chart Here
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2023-12-26 09:33:25 | ARBB | 100 | $2.530 | 100 |
2023-12-26 09:43:56 | ARBB | 100 | $3.120 | 200 |
2023-12-26 09:44:25 | ARBB | -100 | $3.310 | 100 |
2023-12-26 09:58:31 | ARBB | 100 | $3.950 | 200 |
2023-12-26 10:00:20 | ARBB | -100 | $4.300 | 100 |
2023-12-26 10:07:27 | ARBB | 100 | $4.060 | 200 |
2023-12-26 10:08:24 | ARBB | -100 | $4.130 | 100 |
2023-12-26 10:08:38 | ARBB | -100 | $4.110 | 0 |
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