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 |
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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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