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Shared by
brokenwingz

 

GM

Jan 11, 2019 09:30


Tags:

Think or Swim - Brokerage Premarket Scanner GM Fib Retracement

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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