WUBA Trade on Jul 9, 2015 09:44 from Constantine_BOWS: Tradervue User Stock Trades.

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Constantine_BOWS

 

Well, I divide this trade for two parts. One is a good one, and the second is just a chase.

Correct trade is only the first execution. I was buying a flag breakout for possible ORB, based on 1-min chart (you can increase a 1-min chart window for more information). I placed my stop under $65. It seemed for me, that there could be over $1 gain, so my risk/reward ratio was about 1/2. Sold it when I saw, that it could not break HOD. Gain in %: 1,17%.

In the second trade I was chasing for a reversal, but I entered too early. My mistake was that I added to a loosing position, so I made my loss bigger with this stupid action.
Later the stock reversed and I caught this move. I entered with a bigger position to have an opportunity to cover my previous loss. The gain in % was 1.67%. It is a good profit, but it was not a trade, but chase.

The lesson is that I should stop chasing and I have to trade only patterns.


Execution detail:

Date/time Symbol Side Price Position
2015-07-09 09:44:46 WUBA buy $65.690 long
2015-07-09 09:48:21 WUBA sell $66.460 0
2015-07-09 10:33:03 WUBA buy $63.970 long
2015-07-09 10:40:15 WUBA buy $63.560 long
2015-07-09 10:42:03 WUBA sell $63.070 long
2015-07-09 10:42:03 WUBA sell $63.090 0
2015-07-09 10:49:12 WUBA buy $63.540 long
2015-07-09 10:49:12 WUBA buy $63.540 long
2015-07-09 11:11:45 WUBA sell $64.620 long
2015-07-09 11:12:38 WUBA sell $64.630 0


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