celinanguyen's SRNE Trade $-0.91

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Trade Details
Published: Aug 02, 2020
Status: Closed
Asset: Stock
Symbol: SRNE
Type: Long
Portfolios: Day Trading
Patterns: ABCD C
Performance Metrics
Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $
10.03 10.00 $0.69 8.0 $80.24 -0.28% $-0.91
Transactions
2 entries
Date Side Amount Price Commission Reg Fee
Jul 31, 2020 07:28:00 Entry 8.0 $10.03 $0.34 $0.00
Jul 31, 2020 07:35:00 Exit 8.0 $10.00 $0.35 $0.00
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Notes

I give this trade/chart a C rating, I think the ABCD setup was there and I took a small position size and had a define risk level. One indicator I chose to ignore was VWAP, it was trending very close and even under VWAP. A strong stock holding ABOVE VWAP and forming an ABCD pattern should have been my ideal play. I think this was a forced trade

Entry: I noticed on the 1 min and 5 min chart that there was a lower high followed by a higher low, I got in with small postion size wanting to risk the 9.90 level. risking about a 2:1

Exit: I saw on the chart it had two quick pull backs to the 9.45 level and was having trouble breaking past the 9.50 level. I got out before my stop because it wasnt uptrending as I was hoping for it too

 

Overall this isnt the worst trade, I think I handled exit will, and entried appropiately with a define risk.




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