FMI Trade on Feb 9, 2017 09:45 from sk6345: Tradervue User Stock Trades.

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sk6345

 

Price was parabolic on the daily having ran from 19 to 25 in 2 days. stochastics had just crept into the 80s. the previous candle had opened outside of the upper bollinger band, moved up $2, and maintained the gains into the close. On the intraday chart, Price opened green, then failed at a round number ($25). Plus, I made a second tap on 2 day resistance that was in place before reversing. I shorted right before price broke key intrday support level. I was stopped out during a price fluctuation. I was still confident in my game plan so I reentered the stock. Price made another fluctuation during my entry and I got a horrible entry. I was stopped out during another price fluctuation that followed. Later on, price was hovering between the ma's and had created a bear flag. Price began to roll over and move below the ma's that were supporting it. I shorted again once I saw this. I believe that because of the mental capital I had already spent on this stock prior to this particular entry, I was too emotional about the fact that price didn't tank after the bear flag broke. So, I exited at my entry price and missed out on the downtrend that followed. Next time, if I see that a stock makes alot of random price fluctuations, I will stay out of it. Also, the 30 minute chart showed that the 20 sma was curling up under price. This provided support that prevented the downward movement I was hoping for. Should have checked out this chart before entering.


Execution detail:

Date/time Symbol Side Price Position
2017-02-09 09:45:00 FMI sell $24.600 short
2017-02-09 09:46:00 FMI buy $24.700 0
2017-02-09 09:46:00 FMI sell $24.300 short
2017-02-09 10:02:00 FMI buy $24.600 0
2017-02-09 10:34:00 FMI sell $24.300 short
2017-02-09 10:36:00 FMI sell $24.300 short
2017-02-09 10:41:00 FMI buy $24.300 0


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