VEEV Trade on Mar 4, 2015 11:50 from foldelinio_BOWS: Tradervue User Stock Trades.

37M float/24% short of float/no institutionals

Stop: 25.70$
R: -1.37

My waterloo for the day. I wanted to play this for a continuation move, since it cracked daily support at 26$. I waited until the stops where pulled above 25.50$ and entered on a retest of .40s from below. Did not really act weak and missed my stop by one tick. It flushed pretty quickly from the .69s so I had conviction this is going to crack hard...and I wanted to throw my money at it, so I added at .51, the price it broke out from.
Still no flush but resistance at .60 held pretty well, until it spiked on me and I had to click it out at market

Mistakes: It. was. overextended. I'm going to add a tag for this.

Food for thought: I seem to trade around areas pretty often where a lot of size is thrown on the book. This results in pretty hefty spikes and I have trouble honoring my stop. So I either put in a hard stop or avoid this areas in the future.