CSLT Trade on May 18, 2016 12:49 from stormstocks_BOWS: Tradervue User Stock Trades.

I am watching this bull coil and wanting to buy but not in lunch hour.
Suddenly it seems like it is going so I jump in at 4.02 rather than waiting for the pullback.
Set up: bull coil with nice technicals
Entry: after holding 4 level for long time it seems like it is breaking out.
Stop : under 3.95
Target: 4.40 next resistance
Exit: my exit was to tight, it should had been under coil's low under 3.89 and I would not get stopped out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-05-18 12:49:00	CSLT	buy	$4.020	long
2016-05-18 13:20:00	CSLT	sell	$3.950	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CSLT&trade=4601676&end=20160518160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CSLT&trade=4601676&end=20160518160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CSLT&trade=4601676&end=20160518133900&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CSLT&trade=4601676&end=20160617&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2016-05-20 10:42:51

Agree about your stop placement being too high. Also, if you have a thesis of "long", try to buy the dip, not the breakout. Pro's are selling where you bought.

kunal00

2016-05-22 22:55:25

stock sitting at resistance on daily and its thin so its a tricky trader

stormstocks_BOWS

2016-05-23 15:24:54

Thin Tricky trader ;-) Yes, I seem to do better buying pullbacks.

CSLT Trade on May 18, 2016 12:49 from stormstocks_BOWS: Tradervue User Stock Trades.

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