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 | Side | Price | Position |
---|---|---|---|---|
2018-12-13 09:39:11 | CIEN | buy | $36.140 | long |
2018-12-13 09:42:30 | CIEN | sell | $36.160 | 0 |
2018-12-13 11:06:59 | CIEN | sell | $35.170 | short |
2018-12-13 11:45:06 | CIEN | buy | $35.150 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!