Shared by
Punished_SnakeBOWS
THis trade was a wash, it was a combination of 2: a winner and a loser. Waited for the first trade to bounce from support and it did nicely.Slow exit as I saw weakness, but stayed in. I thought i was going to see a flush so I got out then. After not seeing the flush, I thought this was going to break out. I waited till price got to resistance and hit it. No go, immediate red candle, and I got out at my stop-50% of what I made on the first trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-03 09:52:25 | GALE | buy | $4.580 | long |
| 2013-12-03 10:00:24 | GALE | sell | $4.690 | long |
| 2013-12-03 10:14:45 | GALE | buy | $4.710 | long |
| 2013-12-03 10:20:16 | GALE | sell | $4.660 | 0 |
Comments
Punished_SnakeBOWS
You know what? I was watching ICLD of and on today, but that comment doesn't belie your point. I need to find these setups that I can ride-I get shaken out too easy and only get the short runs most the time.
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You gotta give these things time to actually work man ... quit trying to scalp for pennies and wait for a good setup that you can actually ride. Check this out!!! http://i.imgur.com/akQ3HRn.png <---- that's a 30% run in 2 hours off a HOT A+++++ setup. THAT IS THE KINDA TRADE YOU WANNA HIT!