TUBE Trade on Aug 28, 2014 09:37 from Kelly-Ann_BOWS: Tradervue User Stock Trades.

1st red-to-green play ever. think I played it well.

wondering if there was a better way to play it.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-08-28 09:37:33	TUBE	buy	$13.260	long
2014-08-28 09:46:14	TUBE	sell	$13.580	long
2014-08-28 09:47:32	TUBE	sell	$13.580	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TUBE&trade=1284647&end=20140927&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TUBE&trade=1284647&end=20140828121232&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TUBE&trade=1284647&end=20140828160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TUBE&trade=1284647&end=20140828111432&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

eliezer_BOWS

2014-08-28 19:38:53

Nice!

Emilie_BOWS

2014-08-29 02:04:12

Where was your stop loss ? I'm asking because I really don't know where to put it for this setup. For example, in your trade price goes down to almost 13.0. Did you have 13 as your stop loss ? If so, did you anticipate that you will win at least 0.26x2 to get your 2:1 reward-to-risk ratio ?

pstark89

2014-08-29 08:48:54

Great trade here. I definitely have a long bias to this one also. I was surprised it didn't have follow through. Might see that follow through today.

Kelly-Ann_BOWS

2014-08-29 19:11:47

Thanks guys! :-)

@Emilie - on this one I didn't have a hard stop. Everything I've read stressed that this is a momentum scalp trade (thus I didn't plan to be in on it for more than 15-20 mins). In general, I tend to play the open not based on stops but more on momentum. If the volume isn't there and the stock just opened then I get out. That's usually a bad sign. In this case, since I was playing the open, my mental stop was somewhere in between 0.05-0.10 cents.

drobinsk

2014-09-03 09:32:54

really nice trade

TUBE Trade on Aug 28, 2014 09:37 from Kelly-Ann_BOWS: Tradervue User Stock Trades.

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