YGE Trade on Dec 12, 2012 10:52 from ckz8780: Tradervue User Stock Trades.

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ckz8780

 

YGE was very strong off a base breakout at $1.90 today and had some trouble getting over the $2.18-2.20 resistance on the daily. Once it did the last spot it had to get through before $2.50 was the hod at $2.27. I started to leg in 300 shares at a time at $2.18, since it was pretty far from the moving average after that three candle pullback before my first buy, and I anticipated it would probably re-test. I doubled up at $2.10 for a $2.14 average. After it stalled at $2.18 again I sold at $2.16 for a small profit, and of course it popped up 5 min later so I re-entered with 600 long at $2.21. I figured this time it was for real, and doubled again after it held the breakout above $2.20, then with 1200 long at $2.21 it broke the moving average and resistance, stopping me at $2.15. I think overall it was just exhausted as it was up 20%+. Also the market was choppy and sort of flatlining today so it was not really conducive to catching a big gain on a stock that was up 20% already.

Overall lost $60.


Execution detail:

Date/time Symbol Side Price Position
2012-12-12 10:52:10 YGE buy $2.180 long
2012-12-12 11:07:38 YGE buy $2.100 long
2012-12-12 12:25:54 YGE sell $2.160 0
2012-12-12 12:40:34 YGE buy $2.210 long
2012-12-12 13:10:00 YGE buy $2.210 long
2012-12-12 13:17:13 YGE sell $2.150 long
2012-12-12 13:17:14 YGE sell $2.150 0


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