OCN Trade on Mar 11, 2015 10:29 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

My plan going into this trade today was to watch for a weak open and to enter on a break above the VWAP or a flag pattern forming afterwards. I went long 500 shares at 9.54 with a stop at 9.44. The stock had a beautiful rip up to 9.85 and I scaled out 100 shares at a time, saving 100 for lotto. At this point I shouldn't have been thinking add, it was way overextended and needed a deeper pullback. But, I added another 500 shares at 9.78 with a stop at 9.66. The stock began pulling back and I sold the remaining 600 shares right before it bounced off the 20 EMA at 9.63. At this point I should have really left it alone, but I stopped trading the chart and was only focused on making back the money I should have initially walked away with. I went long another 500 shares at 9.71 as it broke above the 9 EMA. I trailed my stop way to low and finally got out at 9.59 when it broke below the VWAP. I had a nice gain on this stock and turned it into a giant poo poo platter.


Execution detail:

Date/time Symbol Side Price Position
2015-03-11 10:29:54 OCN buy $9.540 long
2015-03-11 10:57:13 OCN sell $9.670 long
2015-03-11 11:10:21 OCN sell $9.690 long
2015-03-11 11:12:41 OCN sell $9.760 long
2015-03-11 11:14:57 OCN sell $9.810 long
2015-03-11 11:27:42 OCN buy $9.780 long
2015-03-11 11:52:09 OCN sell $9.630 0
2015-03-11 11:55:35 OCN buy $9.710 long
2015-03-11 13:10:22 OCN sell $9.590 0


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