Shared by
markmandy54_BOWS
Great gapper to new highs. Missed initial run but waited for P/B bounce. Stop -.25, Target +.75, +1. Spy looked to be rolling and i didn't have faith in my entry so took all off +.25 and looked to reassess. Mistake is i didn't stick to my plan. It ran +.75 if i stayed the course.
2nd trade i waited for P/B test of B/O AND rising 9EMA. Stop -.25, Target +.50 and 1. Kept consolidating and looked great on low volume consol. Didn't go, stopped out for loss.
WEEKEND REVIEW LESSON:
1 - Work on buying P/B to 20EMA on 2 min and VWAP on 5 min. Sell 1st partial higher then 1:1R.
2 - Great job buying the P/B to B/O level as most of my trades this week bounced and ran. I saw this trend, and corrected it, very pleased with change in behavior.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-15 10:07:49 | A | buy | $55.000 | long |
| 2013-11-15 10:19:09 | A | sell | $55.240 | 0 |
| 2013-11-15 10:54:02 | A | buy | $55.180 | long |
| 2013-11-15 11:31:41 | A | sell | $54.960 | 0 |
Comments
kunal00
no pattern on the 2nd trade. first trade a chase anyways..if ur buying highs the first orb is the spot . this is a high float 20billion dollar stock.. its not going to move int he ways or the range of a lnkd or tsla
kunal00
also on this..if u wait for 1 candlke confirmation on the bounce ur still a candle late.
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Looks good to me, just happened not to run 2nd time