Simulator trade
Live trade snapshot:
Daily setup is a MOMO stock that made a breakout with great volume. Daily Stochastic is neutral and there is no price or MA resistance. this would be a second day continuation of strong momentum.
Intraday setup was an ORB
Risk was 20 cents to under the 9EMA, so 750 shares for total $150 risk
First scale was into a big spike and caught it very nicely at the peak
Second scale out was as there seemed to be indecision after a big red candle, so took some profit.
For third scale, I was called to a meeting, so put a tight stop under the candle. Got stopped while in the meeting. Need to develop a strategy for when I get called away due to work. Maybe a stop at buy price instead of being so tight under the candle?
Overall pretty happy with this trade, was I able to watch the last third and ride a stop up the 9 EMA then there was another $370 available that would make this s very nice trade.
here is a screenshot of the Sim replay
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-06-25 09:42:55 | NTRA | buy | $16.480 | long |
2018-06-25 09:44:49 | NTRA | sell | $17.220 | long |
2018-06-25 09:53:14 | NTRA | sell | $16.830 | long |
2018-06-25 10:04:00 | NTRA | sell | $16.820 | 0 |
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