HABT Trade on Mar 10, 2015 11:23 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

My plan going into this trade today was to either catch an ORB or watch for a weak open and enter on higher lows. If I would have trusted my plan the ideal entry would have been as it flagged right above the EMAs and VWAP just below 35.00. I ended up chasing the stock way to high and going long 300 shares on a mini flag at 35.92. I should have entered within the flag, but I goofed up with my limit orders, placing them to low and never getting filled. I sold 100 shares off into the spike at 36.16. I had a mental stop at 35.64 but did not follow it. I held on for the deeper pullback to the VWAP only because it was orderly and giving me reason to believe the rally would continue. The pullback trend line was broke and it popped back above the EMAs. I foolishly exited as it tested the EMAs thinking this was a 1-2-3 reversal to the downside only to see it bounce and break to the upside shortly after. I exited my remaining 200 shares at 35.77. I needed to be just a bit more patient to see if it would bounce off the EMAs before completely exiting. All in all I should have followed my plan as this was not a pretty trade.


Execution detail:

Date/time Symbol Side Price Position
2015-03-10 11:23:18 HABT buy $35.920 long
2015-03-10 11:31:13 HABT sell $36.160 long
2015-03-10 12:54:29 HABT sell $35.770 0


Comments

March 11, 2015

plan the trade, trade the plan. Sounds like your methodology is cementing itself in your brain. Not long now and this kind of thing won't be happening any more

March 11, 2015

Yes, just have to start trusting myself. Thanks for reviewing man.

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