JUNO Trade on May 6, 2015 10:45 from ToqueX: Tradervue User Stock Trades.

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ToqueX

 

Grade=D (the first entry and exit was courtesy of Baron Von Fatfinger unfortunately. He put in a limit order when he meant to enter a stop)

The setup: Bear flag on daily, parabolic short intraday

The result: I got the start of the move I was looking for but it was a bit jerkier than I was bargaining for and I got stopped out. I was determined to finish the day green, so my tolerance for risk was low at this point. Now I can see that a little more patience and a wider stop could have allowed me to ride the pony express down to 44.00 without too much trouble along the way.

The lesson: I'm getting a small boost from seeing that my thesis worked out and there was a big down move about where I thought there would be. Too bad about the profits not seeing their way to my paper account.
A trade like this, although somewhat disappointing, makes me feel like I'm getting closer to having an edge.


Execution detail:

Date/time Symbol Side Price Position
2015-05-06 10:45:53 JUNO sell $45.070 short
2015-05-06 10:46:06 JUNO sell $45.070 short
2015-05-06 10:46:19 JUNO buy $45.140 short
2015-05-06 10:48:04 JUNO sell $45.210 short
2015-05-06 10:54:57 JUNO buy $45.040 short
2015-05-06 10:55:49 JUNO buy $45.150 0


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