FOMX Trade on Jan 6, 2015 10:05 from tombro: Tradervue User Stock Trades.

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tombro

No or lousy setup. Questionable Red to green with bounce off 9ema right before I entered, with a little chase thrown in.
Initially entered an order for 8.55 (9ema) but didn't fill. Moved limit up to 8.61 & was filled
The initial price action of Gap met with immediate profit taking shoulda made me pause. Also the stock had already run for 2 days
Stop 8.46, Target 9.60
Exited on breakdown of price action and EMA's

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-01-06 10:05:05	FOMX	buy	$8.610	long
2015-01-06 11:21:41	FOMX	sell	$8.500	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FOMX&trade=1672353&end=20150106122441&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FOMX&trade=1672353&end=20150106132641&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FOMX&trade=1672353&end=20150106160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=FOMX&trade=1672353&end=20150106122441&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

pstark89

2015-01-07 08:13:32

A little bit of a reach and probably would have sold at least some on that one spike. Stock is kind of choppy. I definitely see your thinking. Sometimes you have a predetermined mindset on a long or short. The market unfortunately just sucked yesterday so have to reevaluate. I did that similarly with my early ISIS trade that you saw. It worked out ok but in hindsight the trade never should have been done. :)

FOMX Trade on Jan 6, 2015 10:05 from tombro: Tradervue User Stock Trades.

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