CSAL Trade on Apr 29, 2015 11:06 from tee: Tradervue User Stock Trades.

Day Chart: newer highs, new IPO high strategy

Buy: bought intraday triangle again like yesterday. I thought I saw the jump over the VWAP as my clue give the time of 11:06am, thought it could run early. It never did.

Order:

price
VWAP
9 (rising)
20 (rising)
stochastics - positive

Sell: using 20 as support, gave $0.10 cushion due to spreads at times. stock bottom ticks real quickly and I'm out, which was the low for the rest of the day. I guess mental stops for this type of stock.

Lesson: use mental stops for this stock. The loss of $0.18 would have been a gain of max $0.28 for a $0.30 difference in moves. stock did what I thought it would do - breakout of triangle. Small loss at the end of day, not damaging. Just frustrating day in terms of execution overall. I'm finding the right stocks better these days, just now need to execute them orders right.