ABIL Trade on Jun 27, 2018 09:49 from glen55867_BOWS: Tradervue User Stock Trades.

Simulator trade

This is a PR play with a gap down. Daily is overextended with big run up of over 400% in 4 days and yesterdays candle outside the BB, Stoch are not over 80 but are close.

Intraday entry is an ORB with a break of the range on the 4th 5-min candle, unfortunately the range is not very tight so I saw $1 risk to top of the range as 9EMA is some distance away.So only 150 shares for total risk of $150

First scale out is into the first flush

Second scale out is a bit of a mess, price spiked down and I overreacted and hit late so missed the spike. Cool head is required, some work needed on emotions when there is a profit on the table...believe in the rules

Third scale out is after 8 red candles, while it had not crossed 9EMA yet, this was last third and as I was in another trade I closed this out to get into a setup that was developing.

Overall a nice percentage trade although on small share size. need to enquire if I could use vwap as a stop placement. That may have doubled the share size. May replay this on the sim to get the second scale out right.