Shared by
alext341
Great scalp on LINU again. You took the same scalp setup like you did on your last LINU trade except on the 2nd pullback. This stock went up about half a point after your entry. Should I have let this winner run?
You could have, but you would have set your stop at 2.20 breakeven probably, which would have erased your $46.33 net realized gain on this scalp. Either decision would have been acceptable, but I think it was better that you took the profits on this one.
We are not in a market that had a serious potential for multi-point moves. This was, as John L10 said in the chatroom, a market where you make profits by scalping. Plus, you needed to improve your accuracy and one easy way to do that in this market was by taking profits sooner than you usually would.
You closed the trade with a $46.33 net realized gain.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-12-28 09:37:20 | LINU | buy | $2.200 | long |
| 2017-12-28 09:38:02 | LINU | sell | $2.300 | long |
| 2017-12-28 09:38:04 | LINU | sell | $2.400 | long |
| 2017-12-28 09:38:10 | LINU | sell | $2.380 | long |
| 2017-12-28 09:38:16 | LINU | sell | $2.360 | 0 |
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