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Shared by
alext341

 

MARK

Dec 20, 2017 10:04


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Very poor trade. It's the same deal with MARK as it was with the other stocks you traded today. You bought at the high of the 5th consecutive green candle following a breakout. The entry here though wasn't as obvious. In my opinion, the best entry would have been at $9.50 as it curled up out from under its moving averages. The candles tap that price level three times, which formed a trendline resistance it needed to break for the next move up. This is the way John L10 trades in the chatroom; he always refers to price-level trendlines this way.

Your strength, however, is that you know to admit when you're wrong, and so you're very good at stopping out according to your defined risk parameters you say to yourself before every entry. In this case, you stopped out for a roughly 10-13 cent loss, a $42.96 net realized loss.


Execution detail:

Date/time Symbol Side Price Position
2017-12-20 10:04:39 MARK buy $9.930 long
2017-12-20 10:05:47 MARK sell $9.880 long
2017-12-20 10:05:50 MARK sell $9.800 0


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