DGLY Trade on Jul 11, 2014 10:29 from jmos_BOWS: Tradervue User Stock Trades.

Play: Bear flag

Got in on the break, couldn't break 8. I was trying to be real patient with this one and not sell too fast and ended up taking a full loss. Not how I like to trade but wanted to give it a shot. It back fired but good lesson to learn.
Trade according to my rules.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-07-11 10:29:54	DGLY	sell	$8.060	short
2014-07-11 10:41:18	DGLY	buy	$8.350	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=DGLY&trade=1151911&end=20140810&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=DGLY&trade=1151911&end=20140711130618&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=DGLY&trade=1151911&end=20140711110718&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Markmandy54

2014-07-12 19:54:31

Stop a little tight but i probably would have stopped at the same place, ha.

jmos_BOWS

2014-07-13 11:29:52

I feel like it was a bit loose lol. My thought process is bear flag right above round # so it should either flush or it will bounce so if it doesn't go fairly fast, it will most likely bounce but not sure to where so i rather get out fast and look for re-entry. I tried to be patient but I would have been more comfortable getting out around 8.20 where the ema's were and look for re-entry if it couldn't break and keep above ema's.

DGLY Trade on Jul 11, 2014 10:29 from jmos_BOWS: Tradervue User Stock Trades.

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