ITMN Trade on Mar 21, 2013 09:54 from NWJames_BOWS: Tradervue User Stock Trades.

gap up then trend back to 9EMA support; 1/2 size since stop was ~1%; thought the pattern might not be super clean so rise stop to get out when it came back back. (Since entry was not that great, I would have to risk ~1% to see the potential rise after I sold. Kunal, let me know if this was the right decision based the price pattern up to the point I sold. thx.)

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-03-21 09:54:00	ITMN	buy	$9.490	long
2013-03-21 10:01:00	ITMN	sell	$9.510	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ITMN&trade=380921&end=20130420&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ITMN&trade=380921&end=20130321160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ITMN&trade=380921&end=20130321122600&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ITMN&trade=380921&end=20130321102800&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

ckz8780

2013-03-21 22:38:07

Rule of thumb I use: if the stock gaps up and the first move is a downward flush, it's most likely just gonna fade all day. Same in reverse: if it gaps down and first move is a strong push up, shorts are only good for quick scalps. Just my .02 :)

ITMN Trade on Mar 21, 2013 09:54 from NWJames_BOWS: Tradervue User Stock Trades.

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