First trade I longed a PB to the 9 and scaled out at resistance. Sold the rest at my buy price.
2nd trade: Tried to long a PB to the consolidation area
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-01 10:00:55 | SPLK | buy | $56.000 | long |
2014-05-01 10:13:28 | SPLK | sell | $56.420 | long |
2014-05-01 10:13:28 | SPLK | sell | $56.436 | long |
2014-05-01 10:16:39 | SPLK | sell | $55.940 | long |
2014-05-01 10:16:39 | SPLK | sell | $55.930 | 0 |
2014-05-01 10:58:12 | SPLK | buy | $56.620 | long |
2014-05-01 10:58:12 | SPLK | buy | $56.590 | long |
2014-05-01 11:03:22 | SPLK | sell | $55.970 | long |
2014-05-01 11:03:22 | SPLK | sell | $56.000 | 0 |
First trade was okay but not pretty set up, but it worked out. The 2nd entry would have been closer to 56.30 (around 10:30), when the flag started to b/o. You got in after it had tried to break through the hod and couldn't, so it was on it's way down. At that point, you need to wait for the set up, because the risk is higher that it won't have enough juice to push through - without some consolidation or set up. But good exit, when the trade started going bad.
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
First entry was okay, but that second entry had no setup.