RLGY Trade on Aug 11, 2014 09:54 from eliezer_BOWS: Tradervue User Stock Trades.

Gravatar

Shared by:
eliezer_BOWS

 

Flag broke the way I thought it would. I missed the first spike, then got stopped out. Good thing I had a stop set where I did...
Was this stock too extended on the daily to expect a gap up and flag to play out to the long side?


Execution detail:

Date/time Symbol Side Price Position
2014-08-11 09:54:29 RLGY buy $40.130 long
2014-08-11 10:24:38 RLGY sell $40.110 0

Comments

Gravatar Sayed
August 11, 2014

yes it was.

Gravatar Mari_BOWS
August 11, 2014

The "spike" was only 10 cents. Just pointing it out.

Gravatar eliezer_BOWS
August 11, 2014

Thanks Sayed. Good point Cinderella. Bad entry aside, as Sayed says, I should have sold part at 40.22 and raised stop to buy price, had I done that I would have covered commissions and gotten out flat. Great learning experience! Thanks

Gravatar Kelly-Ann_BOWS
August 11, 2014

One thing I notice is the red candle's volume right before your entry. That large red candle would have made me not enter for a short vs. a long.

Gravatar eliezer_BOWS
August 11, 2014

Thanks Kelly-Ann!
I'm really getting beaten up on this trade, LOL! But I sincerely appreciate the helpful comments, it is amazing to get constructive feedback.

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in