Shared by
agami007
sold down as news came out co sale was cancelled
I watched the open and got in near the bottom as selling subsided
rode 2000 shares until reactionary buying slowed down
sold for 1100 profit
stock went lower and ranged the rest of the day
stock did not keep on making new highs through resistance lines and higher lows
so swinging it till the close was not an option
should not have traded the small losses I had after 11;30 am
reviewing my trade I found I could have entered the stock in consolidations ,3at least ,3 more times for more profit.
should have stuck with one good trade till the end and not get side tracked by other trades that I was not watching from the start of the day.
usually high algos fight you all the way after the morning session
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-22 09:32:04 | MDWD | buy | $4.800 | long |
| 2019-01-22 10:00:29 | MDWD | buy | $5.160 | long |
| 2019-01-22 10:05:33 | MDWD | sell | $5.320 | long |
| 2019-01-22 10:16:13 | MDWD | sell | $5.710 | 0 |
| 2019-01-22 10:37:54 | MDWD | buy | $5.680 | long |
| 2019-01-22 10:37:54 | MDWD | buy | $5.680 | long |
| 2019-01-22 10:46:42 | MDWD | buy | $5.740 | long |
| 2019-01-22 11:15:00 | MDWD | sell | $5.501 | 0 |
Comments
agami007
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checking stocks in play and drawing your s/r lines to trade off them is the only way to go.
once you re in the stock watch the 5 and 15 minutes charts for trade management and fading, adding or closing your position ,or scalping to pay for your risk on the trade ,keeps you busy ,fighting for your profit and minimizing your losses