NS Trade on Feb 5, 2014 10:57 from lafljm_Bows: Tradervue User Stock Trades.

Small position with very tight loss. Did this as I was near my max loss. I didn't pray hard enough.

Execution detail:

Date/time Symbol Side Price Position

2014-02-05 10:57:32 NS buy $50.800 long

2014-02-05 11:01:36 NS sell $50.514 0

Date/time	Symbol	Side	Price	Position
2014-02-05 10:57:32	NS	buy	$50.800	long
2014-02-05 11:01:36	NS	sell	$50.514	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NS&trade=829865&end=20140307&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NS&trade=829865&end=20140205133136&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

bbman

February 05, 2014

prayer didn't have anything to do with it... you anticipated the breakout and it didn't work. Sometimes, they breakout and go. Other times, they don't. If you get in before confirmation, it's really a just crapshoot. When a stock like this breaks out above resistance, it keeps going because of several reasons, such as momentum traders piling in, shorts having to cover (buy the stock) at new highs, etc. Hope that helps

bbman

February 05, 2014

btw, imo a better entry would have been the break of 50.5 at around 10:20

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NS Trade on Feb 5, 2014 10:57 from lafljm_Bows: Tradervue User Stock Trades.

Comments

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