Red Trades Review – 2017.02 (February)

By | February 22, 2017

February 22th

$YUM

 

Trade taken out of frustration. I usually like to have profits locked in by 9.45am then watch for A+ set ups to trade with less share size.

Trade Chart

2017-02-22_YUM_5_Min_no_PL

Multiple Time Fame

2017-02-22_YUM_(Multiple_Time_Frames)

February 17th

$GIS

Trade one, got greedy. I need to lock in immediately I am up or at worst put in a profit stop.

Next mistake was shorting consolidation - REVENGE TRADING. 

Best thing is wait for set up or look at other stocks. I moved on to $CPB and closed the day green

Trade Chart

2017-02-17_GIS_5_Min

Multiple Time Fame

2017-02-17_GIS_(Multiple_Time_Frames)

February 16th - Overtrading

$TRIP

$TRIP is a stock that I might want to add to my ignore list. 

Weak premarket but the bottoming tails should have warned me. Also first 5 minute chart had a huge bottom tail that suggested a potential bounce / pop then eventual all day selling.

Trade Chart

2017-02-16_TRIP_5_Min

Multiple Time Fame

2017-02-16_TRIP_(Multiple_Time_Frames)

February 13th - Overtrading

$CC

Never trade a strong stock.99% of the time you will loose. Best stocks to short are Gap Downs.

Trade Chart

2017-02-13_CC_5_Min

 

 

February 13th - Overtrading

$HAIN

Fat finger trade. I got in by mistake and glad to have got out immediately.

Trade Chart (Red Candle before 09:30am)

2017-02-13_HAIN_5_Min

 

 

February 10th - Overtrading

$NUE

Number one mistake, shorting before 20MA retest. Shorting G/R isn't my strategy for now, so best to avoid.

Number two mistake, going long on a weak stock and not bailing immediately when 20MA failed to hold.

Trade Chart

2017-02-10_NUE_5_Min

Multiple Time Fame - Trade 1

2017-02-10_NUE_(Multiple_Time_Frames)_Trade_1

Multiple Time Fame - Trade 2

2017-02-10_NUE_(Multiple_Time_Frames)_Trade_2

February 9th

$Z

Trading after 11am is plain stupid. No further comment. Also, never short before the 20MA rejection. Notice angle of the 9MA. It's trending up and actually there is an MA crossover - golden cross.

Trade Chart

2017-02-09_Z_5_Min

Multiple Time Fame

2017-02-09_Z_(Multiple_Time_Frames)

February 6th - Overtrading

$HAS

Trading after 11am is plain stupid. No further comment.

Trade Chart

2017-02-06_HAS_5_Min

Multiple Time Fame - Trade 1

2017-02-06_HAS_(Multiple_Time_Frames)_Trade_1

Multiple Time Fame - Trade 2

2017-02-06_HAS_(Multiple_Time_Frames)_Trade_2

$TSN

This trade would have worked but I was a bit early. Always best to wait till 20MA rejection. Also didn't take profits when I had the opportunity.

Trade Chart

2017-02-06_TSN_5_Min

Multiple Time Fame

2017-02-21_TSN_(Multiple_Time_Frames)

February 2nd - Overtrading

$MJN

Greed took over. 

Trade Chart

2017-02-02_MJN_5_Min

Multiple Time Fame

2017-02-02_MJN_(Multiple_Time_Frames)

$CDNS

Context trade that didn't work. Stop order executed automatically as planned.

Trade Chart

2017-02-02_CDNS_5_Min

Multiple Time Fame

2017-02-02_CDNS_(Multiple_Time_Frames)_Trade_1

$CRUS

Shorting before 20MA is a stupid idea. Also need to pay attention to the 1 minute chart before chart. This helps with trade resolution. Spent the whole day fighting this with invalid trades! Need to let it go when the trade set ups aren't there. Also trading after 11.30am is just plain stupid.

Trade Chart

2017-02-02_CRUS_5_Min

Multiple Time Fame - Trade 1

2017-02-02_CRUS_(Multiple_Time_Frames)

Multiple Time Fame - Trade 2

2017-02-02_CRUS_(Multiple_Time_Frames)_Trade_2

February 1st

$TEVA

Great trade but greed took over and let a profitable trade go red.

Trade Chart

2017-02-01_TEVA_5_Min

1 Minute Chart

$TEVA

Multiple Time Fame

$TEVA

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