OREX Trade on Nov 12, 2014 10:55 from jmos_BOWS: Tradervue User Stock Trades.

Play: Flag

Opened strong, broke above the 200sma and flagged above it. Took my eye off it and when I saw it was going, I jumped in it but it was a chase. Sold when it started to struggle getting above a certain level on level 2 especially since I had chased the entry. The other sells were horrible. I did not respect my targets as I was trading my PnL and not my plan.

Reasons to sell: resistance on level 2 in spike, emotional ..have to respect reasons to sell and targets!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-11-12 10:55:45	OREX	buy	$5.760	long
2014-11-12 10:57:53	OREX	sell	$5.840	long
2014-11-12 11:04:48	OREX	sell	$5.900	long
2014-11-12 11:05:47	OREX	sell	$5.950	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=OREX&trade=1558393&end=20141212&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=OREX&trade=1558393&end=20141112133047&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=OREX&trade=1558393&end=20141112113247&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-11-14 04:26:50

Entry not bad, but like you said stick to the plan and let it play out and abstract as much money out the trade as possible.

OREX Trade on Nov 12, 2014 10:55 from jmos_BOWS: Tradervue User Stock Trades.

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