ROYL Trade on Sep 27, 2012 10:00 from ckz8780: Tradervue User Stock Trades.

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ckz8780

 

Intraday flag break. The one major mistake I made on this trade was that I jumped the gun and did not wait for confirmation of the break of the flag. I had a buy order for $4.98 in case it broke $5.00 as I knew it would likely pop above the round number and head back to at least the high of the day. In a quick flash it looked like it was going to break and I hit buy but it never actually broke $5. In the next candle it failed. Need to wait for more confirmation on these. Here's a better pic showing my setup

http://twitpic.com/ayxgt4/full
Lost $80.00


Execution detail:

Date/time Symbol Side Price Position
2012-09-27 10:00:57 ROYL buy $4.970 long
2012-09-27 10:06:53 ROYL sell $4.710 long
2012-09-27 10:06:54 ROYL sell $4.700 long
2012-09-27 10:06:54 ROYL sell $4.700 0


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