CG Trade on Apr 26, 2013 11:47 from suzieshort: Tradervue User Stock Trades.

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suzieshort

 

This was an uptrending stock with trading in a tight coil today. I bought it thinking it would go higher, but closed out the trade because the market was looking so awful. In hindsight, I would have done okay holding on to it.

I was just scared. I've had a rough week. My husband works for one of the big financial firms and they're very dictatorial about how the spouse of an employee can trade. On Monday, my husband got a compliance violation because I traded UNXL last week. The trade was busted. I'm again trying to develop different systems so I can trade. The rules and their accomodations are unfriendly. One of the compliance people actually compared himself to Jesus to brag about the power he had.


Execution detail:

Date/time Symbol Side Price Position
2013-04-26 11:47:00 CG buy $31.920 long
2013-04-26 11:50:00 CG sell $31.850 0


Comments

2013-04-26 21:13:19
 

Hey, that sucks about the compliance stuff! I like this trade, sick setup. With one like this you might be best served waiting for some confirmation...volume and resistance point break. Once that 10:45 candle hit a high of .96, the minimum confirmation would have been .97 or even better 32 flat.

Although even with your anticipation entry, since you got a pretty good price at .93, you could have put your stop under the base at .8 and stayed in it safely. Nice find on this, great look on the chart

2013-04-27 07:48:04
 

You are so right! Thank you.

Gravatar kunal00
2013-04-28 18:51:44
 

i really dont like this compliance guy! ur stop was way to tight on this..when u anticpate a trade u give up confirmation but u get a better price but the stop still goes under the base.. nice entrya nd fchart find

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