XELB Trade on Apr 5, 2021 10:14 from rrodriguez: Tradervue User Stock Trades.

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Shared by:
rrodriguez

 

Shares traded: 400
Closed Gross P&L: $3.50

Tags:

Breakout Trade Frontside Discretionary TimeframeRegularSession

The first lot was purchased as it ripped above the previous pivot high. Missed the topping tail at near 4USD.

Plan:
Strategy: Pivot one 1' chart, then bbb after 2R.
Entry Signal: Breakout past previous HOD 3.47
Stop Entry: 3.59
Actual Entry: 3.60 (Splippage 1 cent)
Stop Loss @ : 10 cents (3.49)
Exit : 3.675 (7.5cents)
R: 0.75R
What Made me break strategy: Saw A topping candle at 4.01 with high volume ( did not see the volume at that moment), and thought it was going to sell off. Tightened up my stop to above break even, and the 9:26 candle broke the 9EMA and tapped me out before ripping up to 4.15 and selling off.
If I would have done a 2R set it and forget it strategy. I would have sold @ 3.80 at the Squeeze to 4USD. The stock reached 5.5R from my actual entry.

The second Entry
Entry Signal: Breakout past previous HOD 4.01
Stop Entry: 4.05
Actual Entry: 4.05 (Splippage 0 cent)
Stop Loss @ : 10 cents (3.95)
Exit : 4.01 (4 cents)
R: -0.4R
Moved Stop up because I noticed an equally high red candle near the top of the 2 candles down from the 4.15 HOD. Raised my stop to reduce my loss. Expecting a steep sell off.


Execution detail:

Date/time Symbol Qty Price Position
2021-04-05 10:14:24 XELB 46 $3.600 46
2021-04-05 10:14:24 XELB 54 $3.600 100
2021-04-05 10:26:42 XELB -100 $3.675 0
2021-04-05 10:29:43 XELB 100 $4.050 100
2021-04-05 10:33:43 XELB -100 $4.010 0


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