TNDM Trade on May 15, 2018 09:32 from swinging_long: Tradervue User Stock Trades.

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swinging_long

 

$TNDM had a strong move the day before. With the weak open, I used the previous $10.75 resistance turned support level as a guide to entry. Since this was the 1st trade of the day, I went extra small figuring that I'd give this to $10.50s. With the big green bar, I decided to add a bit more and tightened up my stop. As price pushed through $11, I took some off at $11.1 and moved my stop to break even, with my plan being to ride this up towards $12. Unfortunately, I got stopped out on a wick down to my entry.

Something that I need to be mindful of is that anytime I take 1st profits (typically 1/2 of my position), I'm moving my stop up to break even on the remaining shares. If I take my 1st profits too early, that also means that I'm moving my stop to break even too early. In this case, I wouldve been stopped out on my remaining shares regardless, but this is just something to think about.


Execution detail:

Date/time Symbol Side Price Position
2018-05-15 09:32:00 TNDM buy $10.870 long
2018-05-15 09:32:33 TNDM buy $10.890 long
2018-05-15 09:33:37 TNDM sell $11.100 long
2018-05-15 09:34:24 TNDM sell $10.850 0


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