MS Trade on Feb 7, 2017 09:48 from sk6345: Tradervue User Stock Trades.

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sk6345

 

flat top breakout continuation on the daily. Entered an orb with a stop 15 cents below. TC 2000 was saying that my data was delayed by 15 minutes. So, I closed the program an reopened it to get the real-time data. Because of this, for some reason, I was stopped out of my shares even though price had not fallen to my stop price. I reentered the stock during I believed to be another flag. My thoughts were that price about to breakout past resistance level that have been holding since the day before. I wanted to get in on anticipation. Instead priced back and I was stopped out again. My mistake was how I drew my intraday resistence line. It was not drown at the top of the wicks of the highest candle. Had it been drawn correctly, I would have seen that the breakout that I was anticipating was actually a second tap on resistance, which is no good for a long position.


Execution detail:

Date/time Symbol Side Price Position
2017-02-07 09:48:00 MS buy $44.830 long
2017-02-07 09:49:00 MS sell $44.680 0
2017-02-07 09:56:00 MS buy $44.990 long
2017-02-07 10:23:00 MS sell $44.790 0


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