ESPR Trade on Oct 13, 2015 11:48 from punished_snake_BOWS: Tradervue User Stock Trades.

Gravatar

Shared by:
punished_snake_BOWS

 

My final trade for today as I had 3 losses already. Trying to fade support, as of me writing this the position is at 23.86 or a profit of .10/share. Think this was going to attack LOD allowing me to bleed some off, but was stopped out at 24.03 for the loss.


Execution detail:

Date/time Symbol Side Price Position
2015-10-13 11:48:36 ESPR sell $23.960 short
2015-10-13 11:49:40 ESPR buy $24.070 0

Comments

Gravatar BenLbTrading
October 13, 2015

you had the right idea I think you probably just used all your mental capital on a few losing trades and got spooked. it happens.

Gravatar punished_snake_BOWS
October 13, 2015

Ben,
Thanks for the comment. Missed the real entry here, should have stayed with it and had a bigger stop with less shares. ESPR went into the 21's-def some money to be made.

Gravatar BenLbTrading
October 13, 2015

I didn't notice until now that the chart only went until noon! I like to short when a stock has a min consolidation like that after a big dump when it fails to break out at all, so i think your entry was fine. Just my opinion and remember don't be too hard on yourself.

Gravatar punished_snake_BOWS
October 13, 2015

Ben, thanks for the input! I'm quite good with shorts, just my entries are suspect sometimes. You, too keep at it.

Gravatar kunal00
October 14, 2015

this is veyr late man..ur scrapping for the last few pennies.. traditionaly this setup u always do early that double top or crack at 25 area

Gravatar punished_snake_BOWS
October 15, 2015

Thanks for the input! I didn't even think that the 25 spot was the point to fade, was just looking for breaks, like the one at 24.80 for example.

Gravatar BenLbTrading
October 15, 2015

Kunal is right of course there is always a better entry but had you ridden it down past where you covered you would've gotten anice gain. I don't think Kunal realized that the chart only went to 1pm and that you could've made a couple more dollars not pennies.

Gravatar punished_snake_BOWS
October 15, 2015

Ben thanks for the kind words. He just wants me to make trades with a greater probability for stretching my RR-its a bummer the charts don't go further out because as you mentioned, a lot of the story is missing. I do try to find tiny risk setups on all my trades with risk of .10 (or less) as a goal, though I am not prefect.

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!

View plans, Sign up for free, or Log in