GENE Trade on Feb 12, 2015 10:23 from jmos_BOWS: Tradervue User Stock Trades.

Play: Flag

Nice looking flag with a strong opening drive, pb where it could have flushed but it held. If it was going to go right from the pb, I would have waited for HOD and a consolidation but it made a higher low and consolidated which gave the perfect opportunity. Had to take it and sold partial into HOD as it was resistance and a bit higher when it broke and was struggling. I was quicker on this as lately, I haven't been able to get out most of my shares and get stopped out on 3/4th of it so this time, went in with the mentality to sell more shares faster. Once again, got stopped on the 1/3 left a bit lower as my stop loss wasn't executed.
Frustrating as it started flushing so had to get out as it is heavily shorted and didn't break out with conviction so i was thinking failed break but it just made another higher low and went.

Reasons to sell: HOD, buy price

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-02-12 10:23:45	GENE	buy	$5.300	long
2015-02-12 10:27:24	GENE	sell	$5.380	long
2015-02-12 10:28:18	GENE	sell	$5.420	long
2015-02-12 10:40:46	GENE	sell	$5.260	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GENE&trade=1957499&end=20150314&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GENE&trade=1957499&end=20150212130546&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GENE&trade=1957499&end=20150212110446&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

chrisconnelly3

2015-02-12 16:03:47

with these big momo names we cant be modest with our sell targets...! but nice trade though!

jmos_BOWS

2015-02-12 16:22:06

Thanks Chris and I completely agree with you on that.Normally I would have been more patient but in this market, I have had a very hard time to get into a stock that runs smoothly and after reviewing my trades, if I were to take the base hits, I would be better off than how I am doing now. But this process is just for now, and definitely not how I like to trade either. I have gone more into a scalper type.
The bigger mistake on this trade was not to get in when I got stopped out and made a higher low and broke out..This stock gave about 3-4 entries..very frustrated that I missed them!

GENE Trade on Feb 12, 2015 10:23 from jmos_BOWS: Tradervue User Stock Trades.

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