Simulator trade
Daily setup is PR with gap down. there was a bit of price support at the level of the gap down back in Feb/March
Intraday entry is an ORB
First scale was at about 1.5% as the stock was moving pretty slow and did not offer a spike down to scale out on.
Second scale out was while there were 2 consecutive green candles, so it looked like it was rounding out. The second green candle did not hold green and did go red. So while there was some "protect profits" emotion going on, taking a scale while in profit is always good.
Third scale out was a stop trailing down the 9EMA
What I did well:
Good entry and stop just above vwap for $1.40 risk x 90 = $126
Maximized total trading dollars well
What I would liked to have done:
Wait on the 2nd scale out, I was protecting a profit as my goal was to be $200 positive at end of day. So a bit of emotion on that
On tradingsim.com I made $200 on replay of this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-07-02 09:41:00 | WYNN | sell | $154.780 | short |
2018-07-02 09:55:00 | WYNN | buy | $152.480 | short |
2018-07-02 10:00:00 | WYNN | buy | $153.780 | short |
2018-07-02 11:00:00 | WYNN | buy | $153.160 | 0 |
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