BOX Trade on Mar 9, 2015 12:28 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

I missed the trend line break on the daily of this today and attempted to catch the second run. I chased my entry, buying directly on resistance at 19.78. I had a mental stop at 19.53. The stock broke below the EMAs and I sold off my 250 shares as it bounced off support at 19.63. A trade that should have been passed on or at least been more patient before taking. I entered when the stock was too extended and on no real set-up. The stock had already made a significant run in the morning but there was no set-up on this rally unless I entered as soon as the trend line was broke. The round number of 20.00 was holding the stock down today. The ideal entry (even though it would not have worked), was at 19.62 on the flag break of the trend line. I would have had a much lower risk entry here.


Execution detail:

Date/time Symbol Side Price Position
2015-03-09 12:28:02 BOX buy $19.780 long
2015-03-09 12:45:45 BOX sell $19.630 0


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