SHAK Trade on Mar 3, 2015 10:45 from EliBrown: Tradervue User Stock Trades.

Stock broke out yesterday making an end of day run. I was watching for signs of a continuation today. I entered 150 shares at 45.14 as the stock was making higher lows and coiling just above the EMAs and VWAP. I should have been looking to take a few shares off on the spike to 45.50 but I wasn't quick enough. After the pop the stock flushed and my stop was triggered at 44.95. Not the greatest set-up to be playing today considering the market conditions and thus a trade that should have been passed on.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-03-03 10:45:51	SHAK	buy	$45.140	long
2015-03-03 11:40:05	SHAK	sell	$44.950	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SHAK&trade=2007635&end=20150402&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SHAK&trade=2007635&end=20150303135005&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SHAK&trade=2007635&end=20150303115205&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2015-03-03 20:27:12

I completely see what you were doing. But .... what was the name of the setup? I feel it's important to know the name of the setup and use them as tags on your trading. Not only will help reviewers, it could help you later.

EliBrown

2015-03-03 21:01:01

Not much of a set-up, but to me it was looking like a flattop/triangle under resistance from yesterdays high while also making higher lows. The fact that I can't name it with confidence shows I should have probably passed on this one.

SHAK Trade on Mar 3, 2015 10:45 from EliBrown: Tradervue User Stock Trades.

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