WFM Trade on May 8, 2015 13:53 from tee: Tradervue User Stock Trades.

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tee

 

Day Chart: gap down day before, oversold bounce

Buy: saw that the price ended an all day downtrend, reclaimed both MAs which were now crossing for positive. Bought the remount of the 9 and 20

Order:
VWAP
price
20 (rising)
9 (rising)
stochastics - positive momentum

Sell: stopped out on failure to hold MAs as support

Lesson: as mentioned I missed my ideas in the morning by a few seconds and didnt chase due to work. Honestly see that I was forcing trades all day after the first loss. This one was flagging but in one candle got flushed out past stop. When I consider the 30 min chart or even the past 2 days where the stock gapped down, this wasnt really a true low so no reason to bounce as I expected. I was looking too closely at the one day chart, not factoring more of the recent price history. Too eager to turn a profitable trade.


Execution detail:

Date/time Symbol Side Price Position
2015-05-08 13:53:00 WFM buy $42.530 long
2015-05-08 14:12:00 WFM sell $42.400 0


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