Malfunction in trade management…

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I've been on a roll since May 4th completing another profitable week of day trading. I have a few trades that I'd like to share and my first was a beautiful mortgage type gap from Thursday in UAL.  I scored UAL as a Tier II gap which allowed for a pretty aggressive entry which I found on the 1 minute chart as what is know as a bull 180 near the 9:35 am first reversal time of the day.  UAL took off nicely like a rocket upward and since I had company over watching my trading, I decided to place a break even stop on my Fusion platform, when to my shock the stop was executed selling a little over 1/2 of my shares prematurely.  My next mistake was to think that price had hit the first target and that is the reason that my shares had sold, so I attempted to place another stop with the last remaining shares only to be sold completely out of my position.  Ouch!  The night before I had reset the routing parameters of my platform and had not had the opportunity to test the changes yet, so chalk this up to operator error but the play still made a little over a 1 risk unit but I had to sit by as I watch UAL grind its way upward all day long...

UAL 07102014
UAL 07102014

I had to set around until my next play triggered in the QQQ around 2:45 pm as a wide range bar ignited price to the downside.  For some reason, I usually miss out on these type of entries and I notice them after the fact, but today, my entry hit my eyes with ease and I knew what to do as I entered below the 5 minute red wide range bar with a stop above.  Price sold off in a flurry, then pulled back for 10 minutes triggering a 2nd entry where I doubled my shares short and held on for the ride lower hitting my first target at .51 cents and covering 1/2 of my position as a green NRB formed @ .55 cents  The next bar was a red inside bar so I held my position, but the next bar closed green giving me the signal that the downside selloff was over for now and I covered my last shares at .59 cents.  Another 1.5 R's made on the play so with my flub up play in UAL I made about 2.75 R's for Thursday, not bad 🙂

QQQ 07102014
QQQ 07102014
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