TNET Trade on Mar 4, 2015 11:02 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

The stock gapped down on an earnings miss but began filling for most of the morning. This was my mistake trade of the day. There was no real set-up here besides a short flag but I had already chased the entry. I went long 100 shares at 33.55. With such a wide spread today I should not have been chasing that far from the base of the flag and the 9 EMA. I sold 50 shares 33.96 but should have been looking to fully exit based on my poor entry. The remaining 50 were sold when the stock cracked below the 9 EMA, triggering my stop at 33.19. My initial stop on this trade was at 32.80 but after it had broke out of the flag I trailed it up a bit to lower my risk.


Execution detail:

Date/time Symbol Side Price Position
2015-03-04 11:02:42 TNET buy $33.550 long
2015-03-04 11:13:31 TNET sell $33.960 long
2015-03-04 11:24:27 TNET sell $33.190 0


Comments

March 04, 2015

You pretty much identified everything you did wrong with this trade and that's good self-awareness.

March 04, 2015

Hey thank you Ben.

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