Daily setup: top gainers screen, post open, gapping and holding
Entry/play: sort of a vwap bounce after surge and stabilize.
Management: First of all, small position. Big spread, so even smaller position. Initial stop below recent pivot that bounced even above vwap. My profit target triggered, but limit order didn't fill so I went back into the wringer, though never below water. It never hit my target, so I got a stop/limit and and I auspiciously took off the last part right before the close/drop.
Psychology: Good. Hard to get too upset about a position this small. And that's exactly why to play a trade like this small like I did. Acct total gain today was green but miniature. And sane. By far I didn't use my available cash, but I traded sane and scraped out a few dollars. A good day.
Popular Posts
-
Daily setup : volume gap above downtrend Entry/play : New high after pivot low Management : Trail stop. I didn't tighten near top, and...
-
Daily setup : Gap up, earnings Entry/play : Gaps up must sell off first. Identify pivot to trade against. Watch level2 for entry. Manageme...
-
Daily setup : Hammering on volume, still in this pennant I'm watching Entry/play : After ndh surge, bought in box. Way too early. Mana...
-
Daily setup : gapping above high downtrend Entry/play : postO, trading back above vwap Management : combination of targets and squeezed st...
