AFMD Trade on Oct 16, 2015 09:36 from swinging_long: Tradervue User Stock Trades.

The stock had a strong move the previous day and consolidated in a flag formation. I anticipated the flag and ORB to the upside. As the stock did completed the ORB, I added more shares and covered them at resistance. Where I messed up the trade was when I tried to add on the pullback. There isn't anything wrong with adding to winners but there should be a clear reason. In this case, my average wasn't great and I needed to wait longer for something to set up. Adding to this position increased my risk beyond my standard $20/risk per trade and I ended up giving back the gains I made and some. Not good.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-10-16 09:36:52	AFMD	buy	$7.710	long
2015-10-16 09:42:24	AFMD	buy	$7.800	long
2015-10-16 09:45:09	AFMD	sell	$7.960	long
2015-10-16 09:50:15	AFMD	buy	$7.780	long
2015-10-16 09:51:47	AFMD	sell	$7.650	long
2015-10-16 09:51:47	AFMD	sell	$7.650	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AFMD&trade=3690634&end=20151115&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AFMD&trade=3690634&end=20151016160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AFMD&trade=3690634&end=20151016160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AFMD&trade=3690634&end=20151016121647&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

AFMD Trade on Oct 16, 2015 09:36 from swinging_long: Tradervue User Stock Trades.

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