ACAD Trade on Mar 27, 2015 14:12 from swinging_long: Tradervue User Stock Trades.

Tried for the base/flag breakout but was stopped out. I was having an extremely "swingy" day going from green day to red day back to green and then to red. I tried to knock it out of the park by sizing in with too wide of a stop and ended up hitting my max loss. Thank goodness for the max loss provision as I know that I would have kept on pushing had I not been locked out of my account.

Some things I could have done differently with a stock like this that has a tight range:

Enter closer to to support and then sell partial near resistance. I could have easily scalped $20 at a time until the price action broke out to the upside
Always use correct sizing to limit risk to $20/trade
If having a "swingy" day, the chances of going on tilt are high. I need to stop altogether or take a serious break and pull my shit together.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-03-27 14:12:16	ACAD	buy	$32.040	long
2015-03-27 14:23:07	ACAD	sell	$31.892	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ACAD&trade=2189152&end=20150426&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ACAD&trade=2189152&end=20150327160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ACAD&trade=2189152&end=20150327160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ACAD&trade=2189152&end=20150327160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2015-03-28 10:47:41

the whole sector basically got tired at this time.. i see the setup it just couldnt go

ACAD Trade on Mar 27, 2015 14:12 from swinging_long: Tradervue User Stock Trades.

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