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MikeLahris1
Broke my own rule on this and followed a trade from chat without it clearing Vwap and being comfortable with the entry. Flag broke down. 16.02-16.05 would have been buy spot. Poor risk management.
Execution detail:
Comments
Nape_BOWS
$16 was a big level it needed to break along with the vwap right above.
jmoscate_BOWS
what would have been the set up as I see a bear flag?
MikeLahris1
It was flagging pretty well near my entry with MA's rising under it. Again the main issue was I didn't give it time to develop and break through 16 and the VWAP. I see know it just wasn't the right time to enter. Listening to the chat gets me in trouble as for some unknown reason I break my own rules and guidelines. I figured I'd quit that shit once I went live.... but evidently i still need to fix that. Thanks for the feedback guys. I appreciate it.
lafljm_Bows
I have labeled this as a swing trade only stock. Very tough guy to follow as I have been watching it over the past 5 days or so. I took a swing position in it "secretively" of course in one of my accounts. $14.12 - $1600 out on it today. But everyday nothing about this made sense in its movements.
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I almost did this as well.. but actually followed my rule of never following a chat trade. the only time I do is when they call it as on watch.. then I put it on my watch. if they are calling when they enter.. i usually hold off as most the times I screw it up.