DGLY Trade on Dec 2, 2014 10:35 from BenLbTrading: Tradervue User Stock Trades.

I wanted in on this stock and had a big fear of missing out. I realized that I bought way too high after it had already broken out. Fearing a bigger pullback and possible loss, I just got out basically flat. I need to wait until later in the day for a pattern to develop before entering this again... which it did after a day long consolidation.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-12-02 10:35:06	DGLY	buy	$18.278	long
2014-12-02 10:39:32	DGLY	sell	$18.372	0

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#chart2 { background-image:url('/shared/charts/pricechart?symbol=DGLY&trade=1594007&end=20141202130932&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)&study2=ema(9)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=DGLY&trade=1594007&end=20141202110832&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)&study2=ema(9)');}

Comments

Nape_BOWS

2014-12-02 15:24:31

Usually when you have a stock that runs up big like this first thing in the morning, its best to wait for a orderly pullback to play a bounce play or wait for a day long consolidation play to setup. Remember stocks get there power from consolidation. The longer the base the more powerful the move will be.

BenLbTrading

2014-12-02 15:43:24

You're right. It spent all day consolidating and then boomed back over it's HOD near the close.

DGLY Trade on Dec 2, 2014 10:35 from BenLbTrading: Tradervue User Stock Trades.

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