Source of Equity (Scanner, News, Talking Heads. etc.)Premarket Scanner
Used Stop (Y/N)Yes, ATR stop
General Motors had better than expected results during their earnings report. Due to this, I expected there would be a retracement from the premarket trading – as the retail traders would want to take profit once the cash market started.
As expected, the stock retraced to the 61.8% fib curve, and I purchased once it bounced long off of that. The stock went parabolic, and shut up more than $0.35. I took a market sell at that point, as this was textbook to what I had expected.A very fun first 45 seconds to the day!
Once the statistics are up, I will look to see what the exit efficiency was; as this continues to be a problem, as I tend to get out way too soon! My system is correct, but I need to be able to check my emotions during the heat of the battle!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-11 09:30:21 | GM | buy | $36.420 | long |
2019-01-11 09:30:21 | GM | buy | $36.420 | long |
2019-01-11 09:30:21 | GM | buy | $36.420 | long |
2019-01-11 09:30:21 | GM | buy | $36.420 | long |
2019-01-11 09:30:21 | GM | buy | $36.460 | long |
2019-01-11 09:30:21 | GM | buy | $36.420 | long |
2019-01-11 09:31:02 | GM | sell | $36.850 | long |
2019-01-11 09:31:02 | GM | sell | $36.865 | long |
2019-01-11 09:31:02 | GM | sell | $36.860 | long |
2019-01-11 09:31:02 | GM | sell | $36.860 | long |
2019-01-11 09:31:02 | GM | sell | $36.860 | 0 |
2019-01-11 09:40:45 | GM | buy | $37.704 | long |
2019-01-11 09:45:39 | GM | buy | $37.490 | long |
2019-01-11 09:45:39 | GM | buy | $37.490 | long |
2019-01-11 09:45:39 | GM | buy | $37.490 | long |
2019-01-11 09:45:39 | GM | buy | $37.490 | long |
2019-01-11 09:45:39 | GM | buy | $37.490 | long |
2019-01-11 09:45:39 | GM | buy | $37.490 | long |
2019-01-11 09:45:39 | GM | buy | $37.490 | long |
2019-01-11 09:45:39 | GM | buy | $37.490 | long |
2019-01-11 10:06:26 | GM | sell | $37.743 | 0 |
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