EMES Trade on Dec 18, 2014 09:44 from youngcb1_BOWS: Tradervue User Stock Trades.

Thought this stock was forming a flat top. As I'm looking at it now, I chased it during my first entry. Entered a long position during an extended candle and support was $1 away from my entry. I exited once it got close to almost a $1 loss.

A flag formed on the 1 minute chart and I entered during the flag break. Mental stop was at 55.70. Once it hit resistance I didn't scale out and I let the stock go against me without abiding by my stop.

I held on to this stock too long both times and it cost me.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-12-18 09:44:16	EMES	buy	$54.760	long
2014-12-18 09:48:54	EMES	sell	$53.800	0
2014-12-18 10:05:56	EMES	buy	$54.910	long
2014-12-18 10:29:25	EMES	sell	$54.260	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=EMES&trade=1645196&end=20150117&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=EMES&trade=1645196&end=20141218124425&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=EMES&trade=1645196&end=20141218104425&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2014-12-21 23:11:20

none of these are flags or setups.. all chases.. can't take any of these plays.

also this is not the first day of the runup where the stock is going to have so much juice

EMES Trade on Dec 18, 2014 09:44 from youngcb1_BOWS: Tradervue User Stock Trades.

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