MGT Trade on May 17, 2016 09:59 from TianYu_BOWS: Tradervue User Stock Trades.

MGT good news release at yesterday close.
Looking for long if the setup shows up.
So I brought the early flag.And set my stop under the flag low about 3.54.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-05-17 09:59:46	MGT	buy	$3.680	long
2016-05-17 10:31:12	MGT	sell	$4.301	long
2016-05-17 10:32:05	MGT	sell	$4.430	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MGT&trade=4597764&end=20160616&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MGT&trade=4597764&end=20160517125205&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2016-05-17 12:28:51

Too extended on daily to take this long, in my opinion. But, you did have well defined risk with a good entry so it was still a good trade. What were your reasons to exit?

TianYu_BOWS

2016-05-17 22:07:00

My exit reason is:
When it at 4.50. The daily candle range is already 2 dollar.
The same as yesterday.
As your mention, too extended on daily.I'm originally looking for green to red short today.
But it turn up a good looking bull flag.And still early on the morning,so I give it a try.

MGT Trade on May 17, 2016 09:59 from TianYu_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax