AMD Trade on Apr 20, 2012 11:01 from ckz_paper: Tradervue User Stock Trades.

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ckz_paper

 

PAPER TRADE (LOSS)

  • Setup: -------------------------------------------------------------------- Range break/intraday flag
  • Entry: --------------------------------------------------------------------- $8.10
  • Shares: ------------------------------------------------------------------- 700
  • Stop: ---------------------------------------------------------------------- $8.05
  • T1: ------------------------------------------------------------------------- $8.21
  • T2: ------------------------------------------------------------------------- $8.35
  • Reward:Risk Ratio (T1): -------------------------------------------- 2.2:1
  • Exit: ----------------------------------------------------------------------- $8.05
  • Profit/(Loss) With Commission: -------------------------------- ($35.00)

  • Details:
    Intraday range break/Mini Flag, 700 shares. On the intraday chart this stock ran to $8.21 early in the morning. It then fell and bounced into this small flag. Over the previous hour the price had touched $8.13 twice and $8.12 four times so I bought at $8.10 during the second candle to touch $8.13, in anticipation of a breakout and a run back to the high of the day. This was a very low risk trade with a five cent stop, but the setup on the daily was weak and the market was flat so it failed to break out. I stopped at $8.05 for a 5 cent loss.


Execution detail:

Date/time Symbol Side Price Position
2012-04-20 11:01:44 AMD buy $8.100 long
2012-04-20 11:23:59 AMD sell $8.050 0


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