AKAO Trade on Jun 26, 2018 09:44 from glen55867_BOWS: Tradervue User Stock Trades.

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glen55867_BOWS

 

Simulator trade

Daily is PR down gapper, gapped below MA's and there is 4-7% room down to price support levels

Intraday is ORB, the orb pattern is the 2nd and 3rd candle forming the range and entry on the 4th candle as it broke the range.

Risk was 25c to just above VWAP. 600 shares for $150 risk

First scale out at 1.5% rule

Second scale out at a spike down

I had a monthly progress meeting to go to, so for remaining 1/3 I scaled out in 2 halves.

third scale out 100 shares at a spike down

Closed out last 100 shares before going into meeting

My emotions on this one need a bit of work, as the first trade earlier stopped out, and I was going to a meeting so could trade any more, I was pretty anxious to close out, have to remind myself to follow the exit plan.

Overall I think the daily setup was not ideal, there was not a lot of clear sky, and the last time this gapped down it made a big bounce. So while I traded the pattern I saw, it was a pretty short two candle ORB and maybe not the best setup.

https://www.tradingview.com/x/BJtnbsTK/


Execution detail:

Date/time Symbol Side Price Position
2018-06-26 09:44:54 AKAO sell $9.960 short
2018-06-26 09:46:44 AKAO buy $9.810 short
2018-06-26 09:53:58 AKAO buy $9.590 short
2018-06-26 10:23:54 AKAO buy $9.270 short
2018-06-26 10:28:31 AKAO buy $9.060 0


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