KBH Trade on Jan 23, 2013 09:31 from derekrucki: Tradervue User Stock Trades.

Sick trade, poor management.. Daily breakout over 17.20ish got in at 17.22 when I saw some BIG volume coming in. Took off half on a solid spike to 17.50 and then figured I would just trail the other half but I didnt do this properly. I took off the second half at 17.76 under the reasoning "this thing is ripping its gotta come down eventually", not smart money management there. Had I just done the smart thing in this case and trailed under the low of the previous 5min bar I would have been stopped out at 18.25! That was the smart way to trail something with momentum like this and I could have pulled way more $$ out of this if I had just done that. Still a nice trade to start the day just got to learn from it.

NET: +2.03R

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-01-23 09:31:27	KBH	buy	$17.220	long
2013-01-23 09:33:30	KBH	sell	$17.490	long
2013-01-23 09:33:57	KBH	sell	$17.490	long
2013-01-23 09:43:27	KBH	sell	$17.760	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=KBH&trade=341150&end=20130222&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=KBH&trade=341150&end=20130123120827&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=KBH&trade=341150&end=20130123160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=KBH&trade=341150&end=20130123103927&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

KBH Trade on Jan 23, 2013 09:31 from derekrucki: Tradervue User Stock Trades.

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