AMCN Trade on Apr 29, 2015 09:50 from ToqueX: Tradervue User Stock Trades.

Grade=C-

The setup: pullback after the open

Stock picking: Daily chart shows a pullback within an uptrend and 1hr and 15m charts seemed to be consistent with this analysis. Volume has been abnormally high for the last 3+ weeks, so I was looking for strong moves and the range seemed large enough to play off of the intraday trends and have decent R/R.

How did it play out: I entered using the 4.50 level as the low to base off of. I saw the spike that almost made it to 4.50 and was looking for price to curl up which I thought I was starting to see. Once in, I regretted not being a little more patient to estable more of a bottom here. I thought it might be a faster bounce. I got a tiny bounce after a while, considered that that was probably all I was going to get and that price discovery was almost established and got out.