SBUX Trade on Dec 17, 2012 10:37 from ckz8780: Tradervue User Stock Trades.

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ckz8780

 

Daily flag breakout. Great trade made bad by greed. The first entry was great. I noticed after it broke $54.50 it quickly failed so as the 5 min 20sma caught up, the stock bounce off it four times. I bought what I THOUGHT would be the fifth bounce off the MA and subsequent breakout above $54.50 but the stupid thing failed through the MA and ate up all my gains. I really wanted to give this one to $54.30 since that's where the daily breakout was, but that would have again turned a gain into a loss and I didn't want to do that so I sold for a $10 gain. Of course, 20 minutes later after basing just above where I wanted to put my stop, it picked up steam and pushed through $54.50 and beyond. Oh well, such is the stock market and its shenanigans. Made 10 bucks.


Execution detail:

Date/time Symbol Side Price Position
2012-12-17 10:37:06 SBUX buy $54.210 long
2012-12-17 13:12:11 SBUX buy $54.470 long
2012-12-17 13:12:11 SBUX buy $54.470 long
2012-12-17 13:22:30 SBUX sell $54.375 long
2012-12-17 13:22:31 SBUX sell $54.370 0


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