VIPS Trade on Mar 28, 2013 09:55 from im2p: Tradervue User Stock Trades.

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im2p

I really don't want to talk about this... This was tough.. Got this after the bounce off the VWAP... Got a little scared at first, but then saw the flag pattern and got pretty excited. I thought this thing was going to be repeat performance from yesterday.. So I sat on it and didn't take profit. Bit me in the butt.. Yea, it came back a little but as traders, we cut loses and move on sometimes.. Can't worry about "hindsight".

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-03-28 09:55:38	VIPS	buy	$31.900	long
2013-03-28 10:44:13	VIPS	sell	$31.880	long
2013-03-28 10:44:13	VIPS	sell	$31.880	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=VIPS&trade=406041&end=20130427&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=VIPS&trade=406041&end=20130328125913&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=VIPS&trade=406041&end=20130328105813&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=VIPS&trade=406041&end=20130328160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

ckz8780

2013-03-28 19:41:56

Remember ROUND NUMBERS. Big stocks move predictably between them. In my experience, 9x out of 10 you buy a stock at 31.90 it will fail at 32. If it doesn't fail at 32, it will fail near 32.50. Should have taken the goods at $32.40 since the setup wasn't that strong anyway. Not bad though you lost two cents on a $32 stock, which is...0.000625%.

Lol good risk management :)

VIPS Trade on Mar 28, 2013 09:55 from im2p: Tradervue User Stock Trades.

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