SCO Trade on Sep 1, 2015 10:06 from ToqueX: Tradervue User Stock Trades.

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ToqueX

Grade=D

The setup: Bear flag on oil

The result: I made the call that oil was bear flagging and would continue. I don't think the probability was that great because it has been a bit unpredictable, but the potential R/R was high and the flag was fairly tight at this point. I barely got stopped out. I felt that my stop was fairly wide, but nonetheless got spiked out. I will try not to let this influence me to have my stops even wider as I think they are already plenty wide in most scenarios. What I could have done is bought back in to SCO, but taking a loss isn't fun, and having it happen a second time is even less appetizing.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-09-01 10:06:13	SCO	buy	$83.600	long
2015-09-01 10:16:57	SCO	sell	$82.500	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SCO&trade=3375788&end=20151001&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SCO&trade=3375788&end=20150901160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SCO&trade=3375788&end=20150901124157&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SCO&trade=3375788&end=20150901104357&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SCO Trade on Sep 1, 2015 10:06 from ToqueX: Tradervue User Stock Trades.

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