TDOC Trade on Feb 28, 2019 09:35 from Gideon23: Tradervue User Stock Trades.

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Gideon23

 

Should have been a great trade. This is my lack of patience shining through. I must see all of my trade as a series of trades and not individual

This trade i did not document (plan). I simply took the watch-list, set the upper and lower bounds and got in on the break. The only concern here is that it may not be the best approach for me in regards to my entry. By looking over the charts I have come to realize that due to (the spread) fluctuation in and the 5 min atr that my share size and stop should be varied in order to allow the trade to work. My largest concern is missing many opportunities because of the noise found on the charts from the moving averages. I entered this trade 2 9:35 @ 64.38 and was stopped out with the mechanic stop @64.88. Because of the spread the trade log shows that route was initiated @ 64.65

2019-03-17 18:32:25

Today I re-looked over this trade

I brought up my three options from this day and performed a trade. What I found was that I did not even choose this particular stock to enter. Reasoning? The first candle ran up more than two points and was well away from the 9. I know by reason of performing a review of my trades that in most of these cases the stock tends to pull back before moving forward so I avoided the trade altogether. The main difference here being that I did not have my studies turned on during the live trade but had the 9 initiated during my ToS activities. Another thing that I noticed is that a 2/1 Risk-Reward ratio for this trade seemed to be virtually impossible because of the 3 longterm supply zones that stood between me and my target. The blank chart trading is really starting to make me understand price action as well as the importance of these supply zones. The thing that I really like is that I am executing properly on my entries and that will carry over when I start to being in the other indicators!


Execution detail:

Date/time Symbol Side Price Position
2019-02-28 09:35:51 TDOC sell $64.380 short
2019-02-28 09:36:35 TDOC buy $65.030 0


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