VGGL Trade on Nov 17, 2014 12:58 from jmos_BOWS: Tradervue User Stock Trades.

Play: Triple tap/flag

Previous runner, had good volume pattern and held its base through lunch without breaking down. When it started going, I got in. Sold some at round # as this is resistance, sold some more when it ripped past round # and then sold at targets. Planned to swing some but it came back to support but looked more like a short so got out.
Good teaching moment as now, I understand what to look for in a short in those overextended small stocks and when the panic is suppose to come. I sold my lsat shares because it was going to break a major line of support. The first sign was the crack of the 20ema but was hoping for a bounce. When it just kept bear flagging, that is when I could be looking for a short opportunity.

Reason to sell: round #, spikes, buy price

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-11-17 12:58:24	VGGL	buy	$3.880	long
2014-11-17 12:59:31	VGGL	sell	$3.970	long
2014-11-17 13:00:12	VGGL	sell	$4.085	long
2014-11-17 13:05:35	VGGL	sell	$4.200	long
2014-11-17 13:32:45	VGGL	sell	$4.380	long
2014-11-17 14:55:14	VGGL	sell	$4.010	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=VGGL&trade=1566435&end=20141217&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=VGGL&trade=1566435&end=20141117160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=VGGL&trade=1566435&end=20141117145514&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-11-17 18:16:01

Nice play.

kunal00

2014-11-23 11:45:22

Holy hot damn great job

VGGL Trade on Nov 17, 2014 12:58 from jmos_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax