JRJC Trade on Dec 4, 2014 10:12 from chanel: Tradervue User Stock Trades.

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chanel

I thought I was entering a break of a bullish flag but there wasn't enough momo. The stock was overextended at this point.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-12-04 10:12:38	JRJC	buy	$8.040	long
2014-12-04 10:19:00	JRJC	sell	$7.831	0
2014-12-04 10:21:57	JRJC	buy	$7.850	long
2014-12-04 10:48:58	JRJC	sell	$8.054	long
2014-12-04 11:04:49	JRJC	sell	$7.850	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=JRJC&trade=1603427&end=20150103&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=JRJC&trade=1603427&end=20141204160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=JRJC&trade=1603427&end=20141205110449&TimeRange=90&Volume=1&ChartType=volbars&width=450&height=275&barsize=1000');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=JRJC&trade=1603427&end=20141204114649&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-12-06 15:24:22

After a big run up like that a stock needs time to consolidate to work off its overbought condition, so ideally let it pullback orderly on light volume, let it bottom and then start determining an entry point.

JRJC Trade on Dec 4, 2014 10:12 from chanel: Tradervue User Stock Trades.

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