ZKIN Trade on Dec 28, 2017 09:29 from alext341: Tradervue User Stock Trades.

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alext341

 

I felt I actually traded better today even though I sustained a small net loss. You took good scalp setups on LINU and stopped out well on the other scalps, even on ZKIN which was a trade you should have never gotten into.

For starters, you entered into this trade pre-market, which is against your rules. This was also a stock that was higher priced and one that traded with wider spreads. The wide spreads were due in part to the light holiday volume trading we have been seeing lately, and also higher-priced stocks tend to have wider spreads. Because of this, you made it difficult for yourself to manage risk on the trade, and you were already at your stop on the Bid upon entry.

The ideal setup on this stock would've been a scalp on a pullback in the opening range for the whole dollar break at 13.00. Instead, the stock immediately dropped on you and you had to take a near dollar stop on the way out. You lost $91.95 in net realized losses.

The markets slowed down quickly later in the day. I closed around $60.00 in total net losses.


Execution detail:

Date/time Symbol Side Price Position
2017-12-28 09:29:47 ZKIN buy $15.950 long
2017-12-28 09:30:46 ZKIN sell $15.130 0


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