GOOG Trade on Jul 29, 2013 09:42 from markmandy54_BOWS: Tradervue User Stock Trades.

Daily showed a breakdown under the 50MA and loss of the rising trendline so i was looking for a short. Intraday had a great retest of previous day downtrend line as well as all MA's right at the 886 level. Looked great for P/B short with an easy -1 stop if wrong. I NEVER SET STOP and as soon as started to rip, i changed strategy mid trade. (NEW PROTOCOL NEVER SWITCH STRATEGY'S MID TRADE). Proper thing would be to take the -1 loss, and then move to reversion short as 30min R and falling 50MA was around 895.50ish. Such a terrible mistake that is easily avoidable. Lesson learned (I truly hope).

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-07-29 09:42:15	GOOG	sell	$886.150	short
2013-07-29 10:07:06	GOOG	buy	$890.490	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GOOG&trade=532473&end=20130828&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GOOG&trade=532473&end=20130729160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GOOG&trade=532473&end=20130729122706&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GOOG&trade=532473&end=20130729105906&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-07-30 16:23:34

No setup to short.

kunal00

2013-07-31 12:29:27

the daily chart was showing potential bounce at those levels 880 huge support so if u get a candel ripping higher the thing is a bounce play...

markmandy54_BOWS

2013-07-31 20:13:30

I now see that, i gotta make that connection live. Thanks Kunal.

GOOG Trade on Jul 29, 2013 09:42 from markmandy54_BOWS: Tradervue User Stock Trades.

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