BID Trade on Sep 10, 2015 10:45 from ToqueX: Tradervue User Stock Trades.

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ToqueX

Grade=D

The setup: short the bounce

The result: Top-picking gone bad, as it often does. I had the stop nice and wide and got taken for the whole stop loss.

The lesson: Don't pick tops or bottoms. Don't pick tops or bottoms. Don't pick tops or bottoms. Wait for confirmation of some kind. A lower high perhaps. Convincing red candle(s).

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-09-10 10:45:06	BID	sell	$34.850	short
2015-09-10 10:45:07	BID	sell	$34.860	short
2015-09-10 10:49:59	BID	buy	$35.000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BID&trade=3400315&end=20151010&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BID&trade=3400315&end=20150910160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BID&trade=3400315&end=20150910131959&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=BID&trade=3400315&end=20150910111859&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

BID Trade on Sep 10, 2015 10:45 from ToqueX: Tradervue User Stock Trades.

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