SINO Trade on Sep 16, 2014 12:41 from jmos_BOWS: Tradervue User Stock Trades.

Play: Bear flag

Put in a top then a lower high. Got in on the crack of the ema's. Formed another bear flag, expected it to flush. Kept bring my stop closer, following the 9ema. Got shaken out before the flush. Very, very, very, very, very frustrating play. These are the home runs I have to be in and yet, i Keep teething shaken out before the flush because I keep bringing my stop too tight.
I didn't want to get caught in a squeeze but I don't think I understand how a squeeze works as I always keep selling too fast when it is just a shake out and not a squeeze.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-09-16 12:41:16	SINO	sell	$4.270	short
2014-09-16 13:02:50	SINO	buy	$4.320	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SINO&trade=1326539&end=20141016&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SINO&trade=1326539&end=20140916160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SINO&trade=1326539&end=20140916132550&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Markmandy54

2014-09-16 22:23:27

Nice entry, no reason to exit.

Steve_May_BOWS

2014-09-17 03:31:14

5 cent stop too tight, try wider stop and less shares, for same risk

SINO Trade on Sep 16, 2014 12:41 from jmos_BOWS: Tradervue User Stock Trades.

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