SCTY Trade on Jan 3, 2013 12:26 from kumarBOWS: Tradervue User Stock Trades.

I wasn't too happy with my initial entry on this as it was a chase on the high of day pop. I should have waited for the pull back as it dropped to 12.50's after my entry. After the pull back, I was a little pissed at my chase and grew a bit impatient and took it off for a loss. Big mistake as it ran almost $1.00 minutes after.

Lesson:
1) Stop chasing as you'll get a less than ideal entry
2) Set a reasonable stop loss and stick to it.
3) Have patience! Allow the trade to play out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-01-03 12:26:00	SCTY	buy	$12.680	long
2013-01-03 12:37:00	SCTY	sell	$12.550	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=326206&end=20130202&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=326206&end=20130103160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=326206&end=20130103160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=326206&end=20130103133300&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SCTY Trade on Jan 3, 2013 12:26 from kumarBOWS: Tradervue User Stock Trades.

Leave a comment about this trade!

Editor syntax