SBGI Trade on Apr 12, 2013 11:35 from Timpalmer13: Tradervue User Stock Trades.

great setup- frustrating trade but a good learning experience.
really liked this setup. very happy with my entry at 32 cents to get in and then adding from good prices. was patient holding my first lot tarting 27 but when it consolidated below 90 cents i thought it could push through which it it and i sold first lot into the upmove.

the second lot was tougher. I really loved this setup and thought it could get to 28 so I was bracing for a pullback. however I was uncomfortable with giving the risk all the way back to my entry point. tried to use a swing point below 26.64 where it consolidated on the 5 minute to trail my stop below and ended up getting wicked out. this was frustrating to as I had wanted to sell below 27.90 but felt I should hold as I didnt wanted to be in the trade for the big picture and not get wicked out which ended up happeing.

in review this was a great setup for me. I took great sales in the first lot.
for my core i needed to make the distinction- was I going to hold this down to my entry price or below 40 cents. on the 5 minute time frame it looked like a reversal but in reality it was simply consolidating and was a wick down.
should have probably been bigger particualrly from good prices- next time I will be

when im in a trade like this that I love-
-is inplay (6.0)-
-huge opening drive,
-strong stock long term at alltime highs.
consolidates for an hour
-this is trade to hold watch- the 15 minute chart and keep my stops wide. I can tighten as I get confirmation and it continually holds lower but this has to be made by confirmation of the 15 minute chart. my mindset has to be where can i buy this stock back