Tags:
5 trades today. First three were profitable. Last two were not. First trades used 2 contracts and the rest used 1 contact.
Trade 1:
First 30 mins was trending upward and at high of day. chart seemed clear of restistance. I saw a setup at 952 that had potential. It pulled back exactly to the 50% Fib level. Just seeing now that for some reason trade executed at 2494.25 limit. I either put it wrong spot or I chased....pretty sure I put in at wrong spot. proper limit would be 2493.25. 4 ticks wasted there.
Good exit would have been 1 at 2498 and hold one for exit on new swing low. I was nervous after such a bad December so I probably just took all profit when it hit a dollar amount I was ok with. I didnt use pre-planned limit order...just got out quick. This worked out best for me this time as the pattern broke down to losses after that.
Here is exit:
Lessons learned...be careful on entry..lost 4 ticks. use limit to exit...lost 3 ticks.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2019-01-04 09:52:20 | ESH9 | 1 | $2494.25 | 1 |
2019-01-04 09:52:20 | ESH9 | 1 | $2494.25 | 2 |
2019-01-04 09:53:26 | ESH9 | -2 | $2497.50 | 0 |
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