First paper trade! This trade was about learning how the order forms and order management worked in Prodigio.
Stop was at 40.57 ($.10 risk). Entered when it was coiling up and both 9 EMA and 20 EMA were on top. Took a little while longer to finally break. Covered once it started to consolidate, realized I had no reason to cover since it didn't break back over any MA.
It is definitely going to take some time to get over first time jitters, but damn this is fun!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-19 13:29:40 | CNX | sell | $40.470 | short |
2014-02-19 14:55:04 | CNX | buy | $40.199 | short |
2014-02-19 15:03:08 | CNX | buy | $40.270 | 0 |
Great first trade! Only comment: you didn't have a reason for your second cover. It didn't break price pattern.
Good Job.
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Right idea. Ride a few shares down next time.