ADXS Trade on Apr 22, 2015 10:03 from tee: Tradervue User Stock Trades.

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tee

 

Day Chart: broke previous high after pullback. Was looking for breaks to newer highs.

Buy: Missed many quick consolidation areas. I admit this was chasing but yesterday I saw an opportunity to do the same with VLTC. I should remember that although both were strong up moves, VLTC is a low float stock so it has the power to continue higher.

Sell: Stop under the break of rising trendline.

Lesson: If the rising trendline is so steep, how do I expect to stay in the trade if the uptrend is 10% in just 30 mins? This was truly a frustration chase looking to make any money in anything that is working now. No technique and another sign my judgment is clouded by the need to make money.

one positive is that I noticed that the daily chart showed a gravestone doji after a long uptrend, telling me that it's probably safer to stay away. good thing cuz i was all about trying to find a winning trade and could have easily been blinded by the patterns formed the rest of the day.


Execution detail:

Date/time Symbol Side Price Position
2015-04-22 10:03:00 ADXS buy $23.930 long
2015-04-22 10:08:00 ADXS sell $23.630 0


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