CYTR Trade on Dec 12, 2013 13:47 from Brutto_BOWS: Tradervue User Stock Trades.

Nice bull flag on all day runner. Sold into spike. Only RTS was to take profit with my 100 little shares.
R/R 2/1

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-12 13:47:06	CYTR	buy	$5.310	long
2013-12-12 14:00:36	CYTR	sell	$5.430	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CYTR&trade=743876&end=20140111&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CYTR&trade=743876&end=20131212160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-12-12 19:28:41

Why sell?

Brutto_BOWS

2013-12-12 19:49:22

Just practicing MB's "trading a small account" gameplan of taking profits. When I start trading larger positions I sell partials into the spikes.

iStryker_BOWS

2013-12-12 23:13:32

Brutto what was your target and stop. If you as going to sell it all, you have to have 2:1 reward:risk. It doesn't look liek you had that...maybe 1:1?

Brutto_BOWS

2013-12-13 07:42:06

My stop was $5.23 and my 1st target was $5.50 so it was about 2/1. Psychology was definitely at play as I am just trying to make consistent wins to gain confidence before going live. I need to work on letting the winners run.

Nape_BOWS

2013-12-13 08:27:32

I understand that game plan, but try to get in a habit of selling when the candle looks weak.

CYTR Trade on Dec 12, 2013 13:47 from Brutto_BOWS: Tradervue User Stock Trades.

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