{"id":14996,"date":"2011-10-13T18:02:06","date_gmt":"2011-10-13T22:02:06","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=14996"},"modified":"2023-04-10T15:45:18","modified_gmt":"2023-04-10T19:45:18","slug":"fe-trade-review-maintaining-risk","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/fe-trade-review-maintaining-risk","title":{"rendered":"FE Trade Review – Maintaining Risk"},"content":{"rendered":"

My play today in FE was to short against 43.80 for a move to 43.00, then ultimately 42.30 if it held lower and really worked. Here is my review.<\/p>\n

\"\"<\/a><\/p>\n

What was working in my favor:<\/strong><\/p>\n

– Hard down move on the open on volume<\/p>\n

– Very In Play on the Radar<\/p>\n

– Top 5 Weak Today name for most of the day<\/p>\n

– Clear level to trade off of and define my risk<\/p>\n

– Conservative target was more than 5:1 reward to risk ratio<\/p>\n

– FE was relatively weak compared to the market<\/p>\n

What was working against me: <\/strong><\/p>\n

– FE was holding above vwap<\/p>\n

– 43.00 was a long term support level with more support areas below<\/p>\n

– 43.55 did a lot of buying and it was holding above<\/p>\n

What I did right: <\/strong><\/p>\n

– I chose to take on the trade and find a good risk\/reward area. I thought as close to 80c as possible would work. I shorted 80c.<\/p>\n

– I covered my risk at vwap \/ in front of the previous buyer<\/p>\n

– I gave up on the short above 82c<\/p>\n

What I did wrong: <\/strong><\/p>\n

– I didn’t follow my plan for what to do when it got below vwap. Instead of waiting for it to hold below the 55c buyer, I added to my position when it got below vwap. Then, I didn’t really think through where I would put a stop for that add. I ended up with too much risk. I got stopped above 80c for everything. I have no problem taking that stop. Based on what was going against me (from above) – this was not a very high\u00a0probability\u00a0play, however the loss should have been 2c, not 22c. I let a low risk play turn high risk.<\/p>\n

Remember, having tools like the Radar <\/a>can be very helpful. But it won’t do all of the work. The trader needs to 1. understand the set up \/ play \/ context 2. control risk.<\/p>\n","protected":false},"excerpt":{"rendered":"

My play today in FE was to short against 43.80 for a move to 43.00, then ultimately 42.30 if it held lower and really worked. Here is my review. What was working in my favor: – Hard down move on the open on volume – Very In Play on the Radar – Top 5 Weak Today name for most of … Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":15004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1395],"tags":[],"class_list":["post-14996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smb-radar-update"],"yoast_head":"\nFE Trade Review - Maintaining Risk | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/fe-trade-review-maintaining-risk\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FE Trade Review - Maintaining Risk | SMB Training\" \/>\n<meta property=\"og:description\" content=\"My play today in FE was to short against 43.80 for a move to 43.00, then ultimately 42.30 if it held lower and really worked. 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