WDC Trade on Jan 25, 2019 10:22 from MarcoG: Tradervue User Stock Trades.

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MarcoG

 

I have to avoid to enter on those levels. Really bad entry, I have to hanticipate the move and not react consequentially. Statistically speaking I am realizing it is not worth cause most of the times the stock doesn't cross such levels while it adjusts his trend. My entry was at an important level and perhaps good for a start of a swing trade lol but for a daily I don't really see a big margin until the stock really explodes at the moment and crosses with no hesitation the important level of support!
When you go long the cross up are more decisive and strong while shorting we could have more retesting before dropping so I should let the price retest at least 2 times the levels and entering only then. While long you can rely a bit more on the fact the a green candle that makes a new high is most of the times definitely keep going up as it did for instance CGC today and all the other socks I am following with a catalyst!! It is true that we are in the earnings seasons thus such movements are more frequent but almost every day there a stock with a catalyst to trade up or down side. Obviously in calmer periods I am gonna adapt again my approach cause perhaps less stock are gonna perform but when there is a catalyst behind you trade above a support given by the trading interest from many investors. BTW I am generally happy about my day even if it ended red. Red days are something more then normal and when I am able to keep them tight following my own approach so my trading style I am very very happy.

05/13/2019
I see my problems in January now. Beautiful entry just below 46.5 for an eMA fade VWAP or 45.5 for a 5min ORB and this trade would have been a home run!!!


Execution detail:

Date/time Symbol Side Price Position
2019-01-25 10:22:27 WDC sell $42.720 short
2019-01-25 10:38:21 WDC buy $43.150 0


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