TCON Trade on Mar 3, 2015 11:06 from EliBrown: Tradervue User Stock Trades.

Stock made a $5 run yesterday so I was looking for a continuation today. It ramped up early in the morning on an ORB making highs near 21.00. When the stock pulled back to the 9 EMA and VWAP and began coiling I entered with the anticipation of another move up past the highs. I entered 100 shares at 19.67 with a stop at 19.05 and my first target at the high of 21.00. The stock broke out of the flag and I scaled out 50 shares at 20.80 and the remaining 50 as the 9 EMA was broken at 20.23.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-03-03 11:06:49	TCON	buy	$19.670	long
2015-03-03 11:21:57	TCON	sell	$20.800	long
2015-03-03 11:48:24	TCON	sell	$20.230	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TCON&trade=2007634&end=20150402&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TCON&trade=2007634&end=20150303140324&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TCON&trade=2007634&end=20150303120424&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Driver42_BOWS

2015-03-03 19:34:21

Another good trade. Almost got the high of the move

Kris_Hissam

2015-03-03 19:37:21

Nice job anticipating that move! I also like how you sold your remaining shares when the 9ema broke instead of letting it come back to your buy-in price.

EliBrown

2015-03-03 21:05:13

Thank you for reviewing Driver42 & Kris. Cheers.

TCON Trade on Mar 3, 2015 11:06 from EliBrown: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax