TSEM Trade on Mar 3, 2015 14:40 from foldelinio_BOWS: Tradervue User Stock Trades.

30M float/1% short of float/2%institutional
stop: 18.00$
R:0

Tried to trade an intraday consolidation breakout over 18.10$
When the .10s traded and the tape kept going, I hit the .10s as well instead of waiting for the break, so I was lucky that it came back after a retest of 18.05$
Breakout had no volume (~ 9k shares) so I scratched it.

Mistake: the daily showed little relative volume on a huge gap like this. If I had realised that, I wouldn't have taken the trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-03-03 14:40:53	TSEM	buy	$18.095	long
2015-03-03 15:00:20	TSEM	sell	$18.090	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TSEM&trade=2002655&end=20150402&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TSEM&trade=2002655&end=20150303160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TSEM&trade=2002655&end=20150303152320&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

pstark89

2015-03-03 18:45:34

Issue with this was that it was already overextended and had made another leg up after 2 pm. The odds of another one were slim.

foldelinio_BOWS

2015-03-03 19:27:24

Hi there, I realized that as soon as I closed the trade. Look at the volume on the earnings gap vs. volume of today. There was so much flying at me and I missed so many entries today, that i just wanted to have a trade. Didn't do my due diligence on this one. But now at least I know the meaning of overextended :)

TSEM Trade on Mar 3, 2015 14:40 from foldelinio_BOWS: Tradervue User Stock Trades.

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