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Shared by
MarcoG

 

CIEN

Dec 13, 2018 09:39


Shares traded: 30
Closed Gross P&L: $0.30
Gross Return: 0.12R

Tags:

5min ORB 100K/min Vol Open Trading Day

CIEN was on my watchlist cause gapping high in premarket and was set up to perform. It just faked the breakout but it never sat on top. I was aiming for 2:1 profit ratio. I have closed break-even the long position. After at 11 o'clock the stock started to fade below the 13ema giving me the opportunity to enter for a trend continuation. I am lately using profit orders in order to respect profit/loss ratio but as I suspected it's not gonna work. Indeed even if the stock gave me the opportunity of taking profit, about 70 cents of dollar I was desperately aiming for a PR 2:1. I didn't lock any profit ad close break-even for the second time.


Execution detail:

Date/time Symbol Qty Price Position
2018-12-13 09:39:11 CIEN 10 $36.140 10
2018-12-13 09:42:30 CIEN -10 $36.160 0
2018-12-13 11:06:59 CIEN -5 $35.170 -5
2018-12-13 11:45:06 CIEN 5 $35.150 0


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