PAY Trade on Dec 19, 2014 10:15 from youngcb1_BOWS: Tradervue User Stock Trades.

Anticipated a pullback play but this stock was way to extended. Once I entered my position I had a 10 cent mental stop. The stock attempted to break upwards but it didn't have enough strength and began to go in the opposite direction. I exited as the stock dropped past my entry.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-12-19 10:15:14	PAY	buy	$37.700	long
2014-12-19 10:31:23	PAY	sell	$37.620	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PAY&trade=1645198&end=20150118&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PAY&trade=1645198&end=20141219125623&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PAY&trade=1645198&end=20141219105623&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-12-25 07:20:34

When a stock is extended like that intraday. it is best to wait for a deeper pullback.

PAY Trade on Dec 19, 2014 10:15 from youngcb1_BOWS: Tradervue User Stock Trades.

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