RUSS Trade on Apr 13, 2015 14:54 from Driver42_BOWS: Tradervue User Stock Trades.

Went against the trend on this.
Daily has been in a dwontrend for a while, although Friday was a gap up and green. Today opened lower but was up on the day.
The price was almost at high of day and formed a bull flag and I went long near the bottom of that range.
Got stopped out later as price worked its way down through the 20ma and 50ma.
I really must stop trying to counter trend trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-04-13 14:54:16	RUSS	buy	$8.230	long
2015-04-13 14:54:16	RUSS	buy	$8.230	long
2015-04-13 15:48:35	RUSS	sell	$8.110	long
2015-04-13 15:48:35	RUSS	sell	$8.110	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RUSS&trade=2386450&end=20150513&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RUSS&trade=2386450&end=20150413160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RUSS&trade=2386450&end=20150413160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

FrancisS_BOWS

2015-04-13 18:17:29

Try to look at the range before an entry. 30 cents was the most you could do that day.7.90 to 8.20 back to 7.90. You went the wrong way sure, but the main thing is that it was not worth your time long nor short. Best case scenario was 30 cents upwars to close the gap at the 8.50 magnet. If the range is 30 cents max in a given day you might trade it for 15-20 cents profits because you won't hit exact bottom or top.

RUSS Trade on Apr 13, 2015 14:54 from Driver42_BOWS: Tradervue User Stock Trades.

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