ICLD Trade on Dec 26, 2013 14:06 from Steve_May_BOWS: Tradervue User Stock Trades.

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Steve_May_BOWS

 

Terrible trade and hit max lost in one
Bought too high as price broke high of day, was up $50 but then it all went south and no hard stop.
rating 1/10


Execution detail:

Date/time Symbol Side Price Position
2013-12-26 14:06:36 ICLD buy $13.560 long
2013-12-26 14:06:36 ICLD buy $13.560 long
2013-12-26 14:06:36 ICLD buy $13.560 long
2013-12-26 14:06:36 ICLD buy $13.560 long
2013-12-26 14:35:34 ICLD sell $12.890 long
2013-12-26 14:35:34 ICLD sell $12.890 long
2013-12-26 14:35:34 ICLD sell $12.890 long
2013-12-26 14:35:34 ICLD sell $12.870 0

Comments

Gravatar Nape_BOWS
December 26, 2013

Chase it. Need to catch early flags.

Gravatar kunal00
December 26, 2013

there is no setup there sir at 13.56. thats not a breakout spot or even a breakout setup. what was ur reasoning to buy? the risk management on this we wont talk about! but the setup wasnt there

Gravatar Steve_May_BOWS
December 27, 2013

Thank you Nape and Kunal, I appreciate every feedback. I agree 13.14 was the correct entry - flag break with 9 ema right underneath. I have created a tag now called "No Set up" and hope never to use it again.
My reasoning to buy was that it was a second test of 13.56 level, high of day exceeded, 2 times relative buy volume and 80% rising stochastics. but there was no line in the sand to set a stop and no pattern / set up.

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