KEM Trade on Jan 3, 2017 10:51 from Reggie1634_BOWS: Tradervue User Stock Trades.

2017-01-03 12:49:40
First trade made on TC2000. Only a paper trade. I was flipping though charts, and I found that $KEM on the Daily seemed to have cracked the 20sma. To me it looked like it had room to move lower so I watched the 5 min chart for a ORB breakdown, or an intraday bear flag to form. I feel like I found both. however I was not fast enough with an entry for the ORB Breakdown. That turned out to be OK, as it did not drop right away for where I was looking for it to drop too. I felt strong about my short bias idea on the daily chart that I continued to watch this one as it continued to now be forming an intraday bear flag. I entered a short position at 6.22 with 500 shares, (probably should have used around 200 to 300 shares, that would have been more realistic as to what trading will be like in the Clique Fund with a $2000 account.) Anyway the stock then produced the kind of play and time frame action that I am looking for. It dropped down to 5.80 so a 42 cent move, which is where I covered the position. So again to remind myself. I really do not want to be in positions longer than 30 mins. give or take a few mins. I would also like to remind myself that I an really shooting for these types of trades to be made between the times of 9:45 till 11:00 at the latest. That way I can still make it to my current full time jobs on time.