GLUU Trade on Mar 30, 2012 12:05 from ckz8780: Tradervue User Stock Trades.

LOSS

Setup: Scalp
Entry: $5.00
Shares: 1000
Stop: $4.90
T1: $5.20
T2: $5.25
Reward:Risk Ratio: 2:1 (first target)
Exit: $4.98
Profit/(Loss) With Commission: ($33.00)
Details:
Scalp play, 1000 shares. Followed our lead trader on this, it was a high of day break and coming out of range on the daily. The breakout failed and turned around at $5.03 so our lead sold at $4.97 prompting me to cancel my stop and sell at $4.98. Good decision, lost 20 bucks + commission but it soon dropped to $4.50 so the decision to sell was correct.

Execution detail:

Date/time	Symbol	Side	Price	Position
2012-03-30 12:05:20	GLUU	buy	$5.000	long
2012-03-30 12:15:46	GLUU	sell	$4.980	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GLUU&trade=155816&end=20120429&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GLUU&trade=155816&end=20120330144046&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GLUU&trade=155816&end=20120330124246&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

GLUU Trade on Mar 30, 2012 12:05 from ckz8780: Tradervue User Stock Trades.

LOSS

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