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.
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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