Shared by:
EliBrown
Not enough planning went into this trade before taking. It showed up on my scan as a 4% gainer after an earnings beat. It had a pretty sloppy daily chart and was running into all sorts of resistance levels. Without analyzing long enough I got suckered into going long as it popped above the VWAP. Of the little analysis I did do, it looked like a day-long consolidation but the VWAP was holding it down. I entered 100 shares at 59.85 with a stop at 59.40. The break above the VWAP was quickly faded and I was stopped out before it began flushing.
Execution detail:
Comments
EliBrown
Very true, the volume was a good indication it wouldn't go. Didn't analyze this one enough. Thanks for reviewing man.
kunal00
YOO volume none of that matters. look at that daily! u have to be careful its setup for a shakeout.. unwed the clean daily
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!
hey man that's a good entry, its a good look that I may have taken as well BUT look at the volume. this stock was dead after 2 hours of the market. But I see the higher low then the higher high around 1pm so its a good looking day long consolidation pattern. Sometimes they just don't go. Good job getting out