SCTY Trade on May 16, 2014 13:44 from kentf_BOWS: Tradervue User Stock Trades.

It was riding up the 9ema and had a nice pullback. I bought for the bounce back higher, but turned down and stopped me out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-16 13:44:38	SCTY	buy	$49.810	long
2014-05-16 13:45:36	SCTY	sell	$49.720	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=1002720&end=20140615&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=1002720&end=20140516160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-05-16 16:18:14

It was trading within the range. once it break the range that is when you had an opportunity to jump in...http://screencast.com/t/lw21kd1zvR8z

kentf_BOWS

2014-05-16 16:45:30

Thanks Nape, I think I was just too zoomed in on the chart to see the big picture.

ThirdStringHero_BOWS

2014-05-16 17:14:24

Nape beat me to it - looks like it's well within the range.

Another way to go when it's in the range is to go long when it hits the bottom of the range, and short when it hits the top of the range. That way, if/when it breaks the range, you've got that much more profit (and your risk is low because you can set a tight stop just outside the range in case it breaks against you). And even if it just bounces back within the range, you've still got a nice scalp profit from the move within the range.

kentf_BOWS

2014-05-16 17:47:05

Thanks that's a good point. I'll have to try that next time.

SCTY Trade on May 16, 2014 13:44 from kentf_BOWS: Tradervue User Stock Trades.

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