CGC Trade on Jan 25, 2019 11:16 from MarcoG: Tradervue User Stock Trades.

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MarcoG

 

There is a huge road to walk for me. Yes is the road of the patience. Today has been the first time since long that I have finally being able to let a stock run!! I have honestly respected the profit loss ratio and giving space up to 0.40$ against I have been almost obliged to set first profit target and as a consequence the other starting with 0.60$. Perhaps I should have been more elastic and let after second target the stock run longer, but there is no real answer here. If the stock would have dropped back down I would have been here writing I did the right thing to close the position break even but as per now the stock got higher thus I should have the position run with freedom.
I have thought in that precise moment to be able to do the right thing and lock up some more when the stock lost 0.40$ on my profit but perhaps this is something I will handle with the time!!
Back testing my trades and the eventual missed profit is more useful when focused on entry price while on the stock performance. The stock is gonna move, everything depends on when I get in!!! I have added 2 shares. I am happy that my entry has been respected the price never dropped below my entry but I think you need iron balls to keep your position going on when the price does such a retest. For this reason I assume that I might have to accept that it takes time/practice to achieve my own sensibility to price action and related decision taking!!


Execution detail:

Date/time Symbol Side Price Position
2019-01-25 11:16:35 CGC buy $47.800 long
2019-01-25 11:49:55 CGC sell $48.370 long
2019-01-25 11:54:31 CGC sell $48.580 long
2019-01-25 12:00:41 CGC sell $48.230 long
2019-01-25 12:01:10 CGC sell $48.160 long
2019-01-25 12:04:21 CGC buy $48.190 long
2019-01-25 12:08:15 CGC sell $48.030 0


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