CYTK Trade on Dec 24, 2014 10:40 from tombro: Tradervue User Stock Trades.

Gravatar

Shared by:
tombro

 

Flag - extended,
entry...9.6% from 12/23 close, extended from ema's and 9&18 ema's are really spread apart

Also - too big of a position size for this trade (not in $ size but in how quickly 1000 shares can snowball losses.
Instead of thinking "it's ran 9.6% and is hitting resistance - be careful" I thought "oh look, it's flagging again"
Stop 5.97 (hit) Target 6.38


Execution detail:

Date/time Symbol Side Price Position
2014-12-24 10:40:39 CYTK buy $6.060 long
2014-12-24 10:40:39 CYTK buy $6.060 long
2014-12-24 10:40:40 CYTK buy $6.060 long
2014-12-24 10:51:22 CYTK sell $5.985 long
2014-12-24 11:11:50 CYTK sell $5.950 long
2014-12-24 11:11:50 CYTK sell $5.950 0

Comments

Gravatar Nape_BOWS
December 25, 2014

Yes. Flag was a bit far from support. Needed more basing action.

Gravatar kunal00
December 26, 2014

it was a weak flag.. not much of one.

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