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Rashod81_BOWS
Two trades: The first was a great entry and according to the daily it was a breakout trade so I waited for another opportunity to add more to my position. I added after what I thought was a confirmed flag break and it went the other way. I looked at the SPY and was able to see the correlation in price movement. My other mistake was setting my stop too close; I know how to fix that though.
The second trade was a quick scalp.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-29 09:43:17 | ARWR | buy | $13.720 | long |
| 2014-01-29 09:43:17 | ARWR | buy | $13.710 | long |
| 2014-01-29 09:43:17 | ARWR | buy | $13.720 | long |
| 2014-01-29 10:11:55 | ARWR | buy | $14.230 | long |
| 2014-01-29 10:23:01 | ARWR | sell | $13.980 | long |
| 2014-01-29 10:23:01 | ARWR | sell | $13.980 | long |
| 2014-01-29 10:23:01 | ARWR | sell | $13.980 | long |
| 2014-01-29 10:23:01 | ARWR | sell | $14.000 | long |
| 2014-01-29 10:23:01 | ARWR | sell | $13.970 | long |
| 2014-01-29 10:23:01 | ARWR | sell | $13.970 | long |
| 2014-01-29 10:23:01 | ARWR | sell | $13.985 | long |
| 2014-01-29 10:23:02 | ARWR | sell | $14.000 | long |
| 2014-01-29 10:23:02 | ARWR | sell | $14.000 | long |
| 2014-01-29 10:23:02 | ARWR | sell | $14.000 | 0 |
| 2014-01-29 12:36:23 | ARWR | sell | $14.105 | short |
| 2014-01-29 12:36:23 | ARWR | sell | $14.100 | short |
| 2014-01-29 12:36:23 | ARWR | sell | $14.100 | short |
| 2014-01-29 12:36:24 | ARWR | sell | $14.095 | short |
| 2014-01-29 12:36:24 | ARWR | sell | $14.095 | short |
| 2014-01-29 12:57:42 | ARWR | buy | $13.970 | short |
| 2014-01-29 12:57:42 | ARWR | buy | $13.970 | short |
| 2014-01-29 12:57:42 | ARWR | buy | $13.970 | short |
| 2014-01-29 12:57:42 | ARWR | buy | $13.970 | short |
| 2014-01-29 12:57:46 | ARWR | buy | $14.020 | 0 |
Comments
Rashod81_BOWS
Yeah I know, but I thought because it wasn't a clean pullback that it wouldn't hold. Plus, I saw that huge red volume bar which made be believe that the flag/ base at the 14.10 level broke down. Not to mention the long upper wick that I saw on the previous candle before I closed my position.
How much leeway should I be looking to give for a pullback? I've tried to wait a pullback in other trades but ended up red as a result. Honestly, that is a tough call as it is developing. I could REALLY use some advice on that.
markmandy54_BOWS
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That 1st entry was beautiful Rashod. I would have kept a few on that pull where you sold. That was just a natural pull back.1st pull back usually bounces.