GDP Trade on Aug 8, 2013 12:51 from johnc_BOWS: Tradervue User Stock Trades.

Misread the flag. I thought it was consolidating since volume had dropped substantially. However, the selling wasn't getting bought up; it was just in very minor distribution without any buying to counteract it.

My sticking point is letting go of the one that got away. I flagged this stock but for some reason I didn't keep it on my Day List. I thought it would run one more time, but it didn't

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-08 12:51:45	GDP	buy	$19.820	long
2013-08-08 13:08:22	GDP	sell	$19.740	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GDP&trade=546277&end=20130907&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GDP&trade=546277&end=20130808160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GDP&trade=546277&end=20130808160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GDP&trade=546277&end=20140105&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-08-08 23:35:52

It was to extended. You got in the trade long as it was bear flagging.

johnc_BOWS

2013-08-08 23:59:44

One of my biggest sticking points is that I can't quite understand when a stock is too extended. How would this stock have ran if it WASN'T extended?

mirko_BOWS

2013-08-09 04:01:20

I am sure Nape, Kunal or someone else more experienced could explain it way better then me but the way i see it there were like 4 breakouts prior to your entry point and stock was up so much.

Like Nape said, you entered it basically on the bear flag and it was a short setup at that point.

GDP Trade on Aug 8, 2013 12:51 from johnc_BOWS: Tradervue User Stock Trades.

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