TASR Trade on Apr 20, 2015 15:28 from tee: Tradervue User Stock Trades.

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tee

 

Day Chart: stock at all time highs.

Buy: missed symmetrical triangle @ 11am, flag @ 11:20, then flat top break from 12:30 to 1:35 that i was actually stalking but wanted to enter at the bottom of the .18 range. It broke out and I didnt catch the pullback to the 20MA area. After stopping for losses on 3 earlier trades I took the attempted break of the sideways triang;e/flag pattern towards end of day. got in at the middle of range and used 20MA as my stop area, drawing a rising support line from the morning until last pivot low.

Sell: stock dipped fast past 20MA and my rising support line and stop hit. That was actually a bottom tick in about 2 seconds of sitting at stop price and it shot up past the descending resistance line to make a new day high as i was anticipating.

Lesson: Trading mindstate - many opportunities to enter, need to be more decisive and let tight stops/small shares reduce the burden of loss on my trading mindstate. Could have afforded a slightly looser stop to allow for quick spikes/stop loss runs and accommodate this looser stop with less shares for now. Instead of entering from a power of position I am late and there's pressure for a faster spike up and pressure to not lose at all (too tight of a stop). Keep this on watch for tomorrow.


Execution detail:

Date/time Symbol Side Price Position
2015-04-20 15:28:00 TASR buy $30.230 long
2015-04-20 15:43:00 TASR sell $30.100 0


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