ACAD Trade on Mar 6, 2015 10:44 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

I went long at 39.57 on what looked like a flag after a spike up to 39.70. The 9 EMA was close behind so my risk was limited but I made a mistake on my stop placement, executing it at 39.39. I would have been safer with it around 39.49, just below the bottom wick of the second red candle after the spike up and below the 9 EMA. I only had 100 shares as I wasn't to confident in the set-up. which is a good reason to not have taken the trade at all. My stop was triggered as the stock broke the EMAs and flushed down to 38.90. The SPY took a huge nose dive around this time as well.


Execution detail:

Date/time Symbol Side Price Position
2015-03-06 10:44:18 ACAD buy $39.570 long
2015-03-06 11:04:33 ACAD sell $39.390 0


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