celinanguyen's PEIX Trade $-1.21

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Trade Details
Published: Jul 30, 2020
Status: Closed
Asset: Stock
Symbol: PEIX
Type: Long
Portfolios: Day Trading
Patterns: ABCD B
Performance Metrics
Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $
2.23 2.21 $0.71 20.0 $44.60 -1.12% $-1.21
Transactions
2 entries
Date Side Amount Price Commission Reg Fee
Jul 30, 2020 07:03:00 Entry 20.0 $2.23 $0.35 $0.00
Jul 30, 2020 07:11:00 Exit 20.0 $2.21 $0.36 $0.00
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Notes

This was a good managed trade, I get a little impatient when stocks are moving a little bit slower but I am able to read them way better and react quicker. This trade might have had a tighter stop than it needed, the 2.15 "bottom of 'B' would have been a better risk level. I did see an ABCD pattern form in the 1 min chart, and got in at a dip.

Entry: I saw that this stock was forming an ABCD pattern on the 1 min chart. I got in in a small position size and wanted to risk the 2.20 level, for a target price of around 2.40.

Exit: I saw that is had a little spiked pulled back then attemped to spike again to get stuffed at the same level, this worried me and I was not longer comfortable in the trade. I wanted to get out to protect myself

Pros:

  • I followed my risk exit price
  • didnt "chase" the move
  • small position size

Cons:

  • risk level was too tight



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