PULM Trade on Jan 27, 2017 09:47 from Gavin_Stosiek: Tradervue User Stock Trades.

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Gavin_Stosiek

 

Reason For Entry
I bought the dip to the 9EMA on the 1 min chart as I thought it would be a good entry as I saw this stock making a move this morning because of the hype. Just missed this one I believe I got stopped out just below the 9EMA on the 1 min chart just didn't have a big enough stop, just missed a potential 40 cent rip. I entered back in the hope that this was another small pullback before it kept running but the volume dropped and there was only sideways movement for the rest of the day. My stop was just below the $3 level as well as MA support.
Lesson Learned
For lesson learned I'm stuck between two lessons one being, for volatile stocks like this, that tend to have pretty big ranges, giving a bit more room for my stop and trusting the setup could have been what would allow me to have hit this trade. But on the other hand, if I have a tight stop and the bottom just drops out of the stock which is what would happen if it didn't hold support there. If that were to happen though, my sell order wouldn't be filled at my stop most likely I would get a similar fill to what I would have gotten if I gave my stop a bit more room. So I think moral of the story is give volatile stocks like this the room it deserves on stops and trust the setup.


Execution detail:

Date/time Symbol Side Price Position
2017-01-27 09:47:39 PULM buy $2.720 long
2017-01-27 09:48:41 PULM sell $2.625 0
2017-01-27 10:12:58 PULM buy $3.080 long
2017-01-27 10:13:56 PULM sell $2.920 0


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