SCTY Trade on Dec 5, 2013 09:59 from johnc_BOWS: Tradervue User Stock Trades.

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johnc_BOWS

 

SCTY opened above a descending trendline that has been forming since November 4. It seemed like it would run. I anticipated a pullback here since solars were running early in the day. I drew a trendline on the 5-min chart and went long when price went above that trendline. Stop at 54.12.


Execution detail:

Date/time Symbol Side Price Position
2013-12-05 09:59:50 SCTY buy $54.700 long
2013-12-05 09:59:50 SCTY buy $54.700 long
2013-12-05 10:00:38 SCTY buy $54.755 long
2013-12-05 10:06:09 SCTY sell $55.210 long
2013-12-05 10:08:01 SCTY sell $55.545 long
2013-12-05 10:59:34 SCTY sell $54.670 0

Comments

Gravatar markmandy54_BOWS
December 07, 2013

Great P/B entry. Great sells.
I like your short too although the final cover never breached resistance.

Gravatar johnc_BOWS
December 07, 2013

I agree. I've been so used to immediately setting a stop at my buy price after the first scale out. I'm starting to get the hang of setting it at the most recent support/resistance area.

If you look at this trade, I took a profit just to do it. There weren't any big spikes or anything. Also, see how I got stopped out right at that wick?

Gravatar markmandy54_BOWS
December 07, 2013

Ya, that kind of P/B has been killing my profits. I think over the last 2 weeks every time i've stopped out at my entry price it only pulled in a little more to test that support/resistance and then ran to my swing target numbers.

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