RICE Trade on Jan 5, 2015 11:31 from JensW: Tradervue User Stock Trades.

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JensW

Happy I took the loss
Bad day for picking bottoms

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-01-05 11:31:59	RICE	buy	$20.280	long
2015-01-05 11:31:59	RICE	buy	$20.280	long
2015-01-05 11:32:01	RICE	buy	$20.280	long
2015-01-05 11:42:15	RICE	sell	$20.150	long
2015-01-05 11:42:15	RICE	sell	$20.150	long
2015-01-05 11:42:15	RICE	sell	$20.140	long
2015-01-05 11:42:15	RICE	sell	$20.130	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RICE&trade=1670337&end=20150105120815&i=m1&TimeRange=90&Volume=1&ChartType=heikinashi&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RICE&trade=1670337&end=20150106114215&TimeRange=90&Volume=1&ChartType=range&width=450&height=275&barsize=2&barunits=ticks');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RICE&trade=1670337&end=20150106114215&TimeRange=90&Volume=1&ChartType=renko&width=450&height=275&barsize=3&barunits=ticks');}

Comments

jonathan_lowry

2015-01-10 03:17:13

why did you go long in this stock when it's current long term trend was short?

JensW

2015-01-10 04:37:19

it was the wrong idea.

i thought the stock would bounce at some point after being down 10% on the day.

should have waited for 20(whole number) over / under play or played this one early, where there was a nice bear flag with stop at 21.5.

wrong idea and silly trade by me.

jonathan_lowry

2015-01-10 05:38:01

go by what the chart tells you; do not believe otherwise until it tells you to

if a restaurant only serves italian food ... would you go in asking for tacos? ...

and also if a stock is falling ... what is more likely to happen ...it would consolidate or do a spur of the moment 180 and turn ... think of your probabilities for both

RICE Trade on Jan 5, 2015 11:31 from JensW: Tradervue User Stock Trades.

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