SWHC Trade on Apr 3, 2012 10:32 from ckz8780: Tradervue User Stock Trades.

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ckz8780

 

700 shares. Attempted to play a continuation move from yesterday's breakout of the flag. I bought at 8.60 after a strong uptrend pushing to the high of day. I was aiming for a high of day break but it didn't work, bounced off the HOD and then faded back so I sold manually at $8.42. Looking back at the trade now it was definitely the wrong play because there was no strong volume during the whole uptrend from $8.30 to $8.60 (9:50am to 10:35am). Potentially I could have played the dip since the stock gapped up, then faded to $8.30 in ten minutes and bounced there. Still there was really no setup and this was mostly an emotional trade I was trying to make work because I missed the big move the day before thanks to having a dentist appointment. Should not have let emotion take over because this trade did not fit my profile very well.

Another note: This trade is very similar to my RENN trade from 4/13/12, which also did not work. I nee dto stop trying to make this setup work!


Execution detail:

Date/time Symbol Side Price Position
2012-04-03 10:32:16 SWHC buy $8.600 long
2012-04-03 10:53:04 SWHC sell $8.420 0


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