XGTI Trade on Dec 19, 2016 09:55 from coryjpat: Tradervue User Stock Trades.

This should have been a trade at the open or in the pre-market. Once the news broke the stock skyrocketed. I was correct in researching this stock and having it on my watchlist but, I was in correct as to how I entered the trade. Found on the pre-market scanner in ToS.

(B)-Buy (S)-Sell
MACDH=> 0.196876(B) - 0.167108(S)
MACDT=>(B) Above moving average, however, in the process of turning
Volume=> 621,932(B) - 336,538(S)
Shares=> 100
RSI=> 83.9575(B) - 80.9672(S)
MACDT=>(S) Trending downward and moving closer to the MVA
OPEN Trade:$4.697 ($469.70)(B)
CLOSE Trade:$4.510 ($451.00)(S)
P/L: -$18.66

I saw that it was up in the pre-market and as I believed, if volume spike, so would the price. The 1st three candles saw volume over 1M and the price shot up from then on. The first 20 minutes should have been the time to consider an entry.

1. Should have paid more attention to volume and the effect that it had on the stock, I could have been one of the guys that took 100% profit today.
2. I only tested the price with those 100 shares but the Time/Share tool gave me the information I was looking for with that test.
3. I got out quick and didn't reach for something that wasn't there, taking a minimal loss.

Overall Grade: D+