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tombro
Dumb FU. MDXG had just broken morning high and I entered Limit to buy on pullback to 11.05 @ 11:09 then...forgot to cancel it.
Execution detail:
Comments
Nape_BOWS
Have to let a stock base and setup if you want a good trade out of it.
tombro
Nape, I was trying to get in around 11.09 off the break of the flag, do you think that was an ok concept for entry? That's where I had entered my order- I just screwed up by not canceling it and it filled later in the day.
Thanks for taking the time to comment BTW, it's much appreciated!
No. You should not have been in this stock at all IMO. The candles on the intraday chart was to messy. It was popping up and down. Hard to get a good read on it.
When playing stocks you want everything to move up and down in a clean manner.
1. Price action needs to be clean: the way the stock is moving up and down.
2. Volume: are there more green volume bars then red volume bars..but you're not literally counting the volume bars just a quick glance and you should be able to distinguish between how many GREEN vs. RED.*** When a stock pullback is the volume bars lighter then the previous volume bars so I can catch the bounce when the stock is ready to bounce.
^^^These are things you should be asking your self when you are looking to trade it; and it shouldn't take you that long to figure these things out.
The charts you should always be looking to get into look at this...http://screencast.com/t/avMMgETk9 and when going short the chart should just as clean with the ema's pushing the stock down.
be*
Thanks!!! I see what you're saying.
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There is no setup here intraday.