CRIS Trade on Oct 3, 2016 09:50 from sk6345: Tradervue User Stock Trades.

Gravatar

Shared by
sk6345

 

Saw what I thought was a flag breakout continuation on the daily chart. bought into an intraday flag on a sign of strength at $2.67. Got 600 shares. price moved against me and I was stopped out at $2.62. This trade was no good for several reasons. First, the flag breakout continuation was on it's 5th green day in a row. Plus, it had been running for days prior to the flag formed without receiving proper relief. Also, the intraday range shows that this stock doesn't make significant moves. I also should have noticed that the candle just before the one I bought into had run up significantly after opening but failed to maintain it's momentum and closed near the bottom of the range.


Execution detail:

Date/time Symbol Side Price Position
2016-10-03 09:50:00 CRIS buy $2.670 long
2016-10-03 10:05:00 CRIS sell $2.620 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in