SPLK Trade on Jul 18, 2014 10:40 from Yuri_BOWS: Tradervue User Stock Trades.

Thought flag break out, but not.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-07-18 10:40:11	SPLK	sell	$46.290	short
2014-07-18 11:01:15	SPLK	buy	$46.720	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SPLK&trade=1161934&end=20140817&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SPLK&trade=1161934&end=20140718112415&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SPLK&trade=1161934&end=20140718132615&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-07-18 17:39:44

This stock is so oversold you have to short the pops and keep a tight stop. Tricky play.. but it did present a triple tap breakdown so the setup was there http://screencast.com/t/CKe0aX2IUl

Yuri_BOWS

2014-07-20 12:37:29

Thank you Nape! The setup and entry were wrong. My stop loss is 1% now. Should I exit at around 46.5 instead just watching the price coming to hit my stop loss?

Nape_BOWS

2014-07-21 12:00:41

I would have exited as soon as I got in if I would have shorted it there, and just waited for a cleaner more define entry with a reasonable stop loss.

There will always be more setups and stocks to play if you trade one wrong. Always remember that!

Yuri_BOWS

2014-07-22 16:00:27

Now I see. Then I totally misunderstood what trading is. I thought once I enter, I shouldn't change it and I have to wait the price will hit either stop loss or target.

I'll trade more with more flexibility towards setups and stocks. Thank you very much Nape!

Friday we'll move to a new apartment. I'll update the market and stock list, but away from trading this week.

SPLK Trade on Jul 18, 2014 10:40 from Yuri_BOWS: Tradervue User Stock Trades.

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