CEMI Trade on Oct 27, 2014 14:58 from Mari_BOWS: Tradervue User Stock Trades.

Followed rules, I think. Lost.

Setup on daily: PR Breakout
Setup intraday: Day-Long Consolidation
Reasons to enter: mostly because Nathan Michaud and Kunal Tweeted about it. Breaking resistance on weekly time frame.
Concerns: a lot of resistance around $5, might not be able to break through resistance on weekly time frame.
Stop: $4.75
First target: $5.14 - near the morning's high. A forced first target and not realistic in my opinion.
R/R 2:1

Edit: now that I look at this trade a day later, I'm thinking the stock was already extended when I entered, so I shouldn't have.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-10-27 14:58:00	CEMI	buy	$4.880	long
2014-10-27 15:05:00	CEMI	sell	$4.680	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CEMI&trade=1529983&end=20141126&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CEMI&trade=1529983&end=20141027160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CEMI&trade=1529983&end=20141027160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CEMI&trade=1529983&end=20141027160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2014-10-31 23:00:44

Big Chase if you were going to get it you would have to get it in the 460s maybe 470

kunal00

2014-10-31 23:01:01

You bought my shares this is where I sold my shares

CEMI Trade on Oct 27, 2014 14:58 from Mari_BOWS: Tradervue User Stock Trades.

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