GOGO Trade on May 28, 2014 10:30 from TerryMcGuire: Tradervue User Stock Trades.

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TerryMcGuire

 

Entered too early and got stopped out. Could have been a big gainer if I gave it a little more room to move.


Execution detail:

Date/time Symbol Side Price Position
2014-05-28 10:30:08 GOGO buy $17.020 long
2014-05-28 10:42:17 GOGO sell $16.920 long
2014-05-28 10:42:21 GOGO sell $16.920 long
2014-05-28 10:42:22 GOGO sell $16.929 0


Comments

2014-05-28 20:27:20
 

I get faked out by these all the time (especially on the long side - I'm much better with shorts).

I can't see the EMAs on these charts, but it might help to be able to see it. BTW, you can add the EMAs (or other studies) to these charts if you want - sometimes good to add whatever studies you use, so commenters can see what you were looking at when you made the trade. (Click on your name at the top right of the Tradervue page, then click "Chart Settings" on the left side, and you can add studies and even add more charts to what shows on your trades).

The one thing I've done which has helped me (a little) to avoid some fake-outs is to take a look at how much the stock is ranging before I set my stop. For example, in this case, there are some long wicks on the candles at the bottom of the uptrend, so I'd kind of expect it to go a little farther down on a flag, and I'd try to set my stop a little looser. This helps the most for stocks that have a habit of poking through the MAs before continuing - when I see the stock does that all the time, then it gives me the patience to wait before getting out.

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