JUNO Trade on Mar 5, 2015 09:41 from EliBrown: Tradervue User Stock Trades.

Gravatar

Shared by:
EliBrown

 

My plan going into this trade was to watch for a base to form at the entry after a strong rally up to 50 into the close yesterday. The stock ended up gapping up, opening around 51.00. My first entry was way to early. I went long 100 shares at 52.45 on a mini flag, but after the first parabolic green candle I should have been more patient and entered on a deeper pullback. I sold at 51.88, right on the 20 EMA support. A mistake on my stop-loss placement which was at 51.90. The stock did dip below the 20 EMA afterwards though so either way I would have got shook out. After the stock broke back above the VWAP and 9 EMA, consolidating right under 52.75, I re-entered 100 shares at 52.49 and another 100 at 52.54. I had a stop placed at 51.76. It tested the 20 EMA once before before breaking out. I scaled out my first 100 shares to early. I meant to put a sell limit order in at 53.30 but accidentally executed a market. I scaled out another 50 at 52.30 and the remaining 50 at 53.61. I should have been keeping some lotto shares, but I mistakenly didn't. Instead, I re-entered 100 shares on the flag at 53.50. I sold off 50 into the spike as it broke 54.00, getting filled at 54.03. I sold off the remaining 50 on the pullback, getting filled at 54.00. Sold just in time before biotechs took a giant dump.


Execution detail:

Date/time Symbol Side Price Position
2015-03-05 09:41:38 JUNO buy $52.450 long
2015-03-05 10:09:50 JUNO sell $51.880 0
2015-03-05 10:30:05 JUNO buy $52.490 long
2015-03-05 10:44:13 JUNO buy $52.540 long
2015-03-05 11:24:18 JUNO sell $53.090 long
2015-03-05 11:27:23 JUNO sell $53.290 long
2015-03-05 11:32:35 JUNO sell $53.610 0
2015-03-05 12:00:39 JUNO buy $53.500 long
2015-03-05 12:32:23 JUNO sell $54.030 long
2015-03-05 12:48:09 JUNO sell $54.000 0


Comments

Gravatar MTNG
March 05, 2015

Well played overall except for the first entry. It's good that you weren't fearful of playing the same ticker even though you took a loss on your first crack at it.

March 05, 2015

Thank you for reviewing my trades Mark, cheers.

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