CLVS Trade on Mar 23, 2017 09:58 from JIP_BOWS: Tradervue User Stock Trades.

I had this on watch for a breakout with it having nice volume the prior day when it bounced. there was resistance at $69.81 and $70.81. I missed the big move but was looking to enter once it broke through resistance at $69.81 and play up to $70.81. I've been making mistakes lately buying at resistance and not support. Leading most of my breakout trades turning into losses. Well, I did it with this trade also.

I realize now that it needed to rest after such a big run in the morning and needed a deeper pullback to break through resistance given the time of day. I got stopped out because I bought on a weak test of resistance. The trade ended up playing out as I had expected but I missed it after getting stopped out.

Lessons:
I'm seeing the setups correctly but not playing them right.
I need to stop buying at weak tests of resistance because I'm missing my R:R.

Execution detail:

Date/time	Symbol	Side	Price	Position
2017-03-23 09:58:17	CLVS	buy	$69.810	long
2017-03-23 10:03:14	CLVS	sell	$69.410	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CLVS&trade=5499237&end=20170422&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CLVS&trade=5499237&end=20170323123314&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CLVS&trade=5499237&end=20170323160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CLVS&trade=5499237&end=20170323103114&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

CLVS Trade on Mar 23, 2017 09:58 from JIP_BOWS: Tradervue User Stock Trades.

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