MWE Trade on Jul 13, 2015 10:07 from Abhi_BOWS: Tradervue User Stock Trades.

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Abhi_BOWS

 

This stock was straight up tanking from the opening since it had gapped up huge straight into resistance. I noticed that it was going straight for the 200 DMA so I waited until it did so in anticipation of buying the bounce. My first buy was too far from the 200 DMA but I add another lot of shares once it physically touched the 200 DMA. My plan was to sell into the 9 ema on the 2 minute time-frame which was at $66 but since the stock bounced so quickly and in such volatile manner, I sort of panicked and sold for about a ~30 cent gain. It went way past this sell price and hit my 9 ema target anyway. I think the issue here was that I didn't factor in the volatility of this stock when choosing the number of shares to buy. Next time, I should lower the number of shares to buy in order to limit volatility and my risk to ensure a cool head during the trade.


Execution detail:

Date/time Symbol Side Price Position
2015-07-13 10:07:01 MWE buy $65.610 long
2015-07-13 10:08:20 MWE buy $65.080 long
2015-07-13 10:09:21 MWE sell $65.630 long
2015-07-13 10:09:28 MWE sell $65.650 0


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