ESPR Trade on Mar 20, 2015 10:18 from nicholas_BOWS: Tradervue User Stock Trades.

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nicholas_BOWS

 

This is on my watchlist. Rubberband snapback setup, stochastic >90.
19March (Thurs): continue the run up, extending more but long wink candle. Possible snapback play on 20 March.

I actually enter the first trade on short it, but end up loss of -$1915.
After the first trade, I anticipate it to continue up run after the failed to go down further. and also g/r move failed.
Hence I enter long with big position thinking of making a comeback on the huge lost on the short trade earlier.
My enter price was bad, should have wait for the pullback to get better entry price.

Lesson: don't chase to enter when miss a good entry price. always be patient to wait for the price to pullback and entry, instead of chase the price.


Execution detail:

Date/time Symbol Side Price Position
2015-03-20 10:18:17 ESPR buy $112.520 long
2015-03-20 10:19:40 ESPR buy $112.590 long
2015-03-20 10:37:08 ESPR sell $114.720 0


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