MBLY Trade on Aug 1, 2014 14:00 from jmos_BOWS: Tradervue User Stock Trades.

Play: Flag

IPO, looked strong, couldn't break down. Waited to get in once it broke 38 (round # and VWAP also). Was expecting an immediate move. Gave it a couple minutes and couldn't break the 38.10 level so got out as my stop was too tight as well. Not a great trade but traded according to plan. Was expecting something quick, quick scalp play and if not, didn't want to stay in.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-08-01 14:00:29	MBLY	buy	$38.000	long
2014-08-01 14:02:07	MBLY	sell	$38.090	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MBLY&trade=1220416&end=20140831&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MBLY&trade=1220416&end=20140801160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MBLY&trade=1220416&end=20140801143107&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Alvan_BOWS

2014-08-03 11:58:01

I made the same play, just didn't workout.

Gena_BOWS

2014-08-04 00:23:47

Hard to play IPOs (no history to see trends or support/resistance from other timeframes). And going long on a down mkt day makes it even harder. But you're right, it did look long there. Way to manage it well.

MBLY Trade on Aug 1, 2014 14:00 from jmos_BOWS: Tradervue User Stock Trades.

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