JRJC Trade on Aug 19, 2014 09:36 from ThaRhino: Tradervue User Stock Trades.

Setup: Bull Flag Breakout
- Bought the breakout on the open
- Sold in 4 parts on the rip higher (sold in 4 parts in order to reduce risk, but mainly to get used to letting a position run); However, got stopped out on sharp pullback.
- Should've used EMA as stop, rather than prior bar's low, in order to capture full gain

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-08-19 09:36:00	JRJC	buy	$8.530	long
2014-08-19 09:37:15	JRJC	sell	$8.610	long
2014-08-19 09:37:31	JRJC	sell	$8.670	long
2014-08-19 09:38:29	JRJC	sell	$8.800	long
2014-08-19 09:38:40	JRJC	sell	$8.910	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=JRJC&trade=1264879&end=20140819120840&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=JRJC&trade=1264879&end=20140819103640&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=JRJC&trade=1264879&end=20140918&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=JRJC&trade=1264879&end=20140819160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-08-24 10:31:34

If a stock has multiple green candles in a row, do not chase it. Let it pullback and setup again, and if there is no setup to play, move on to another stock.

JRJC Trade on Aug 19, 2014 09:36 from ThaRhino: Tradervue User Stock Trades.

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