QIHU Trade on Aug 13, 2013 15:03 from johnc_BOWS: Tradervue User Stock Trades.

Shares traded: 2000
Closed P&L: $-141.00

I wish I had written this entry sooner because I don't remember why I took this trade. My guess is that I thought there was a flat top breakout forming.

Mistakes:
Stock was already fairly extended when I bought it. Also, it was far away from 9ema, which was acting as consistent support during the run-up. Bad entry, bad support, bad stop loss, no good idea of target. Inexplicably took large position.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-13 15:03:36	QIHU	buy	$70.770	long
2013-08-13 15:03:36	QIHU	buy	$70.770	long
2013-08-13 15:03:36	QIHU	buy	$70.770	long
2013-08-13 15:03:36	QIHU	buy	$70.770	long
2013-08-13 15:03:36	QIHU	buy	$70.770	long
2013-08-13 15:03:36	QIHU	buy	$70.770	long
2013-08-13 15:03:36	QIHU	buy	$70.770	long
2013-08-13 15:03:36	QIHU	buy	$70.770	long
2013-08-13 15:03:36	QIHU	buy	$70.770	long
2013-08-13 15:13:18	QIHU	sell	$70.600	long
2013-08-13 15:13:18	QIHU	sell	$70.600	long
2013-08-13 15:13:26	QIHU	sell	$70.630	long
2013-08-13 15:13:26	QIHU	sell	$70.640	long
2013-08-13 15:13:26	QIHU	sell	$70.640	long
2013-08-13 15:13:26	QIHU	sell	$70.640	long
2013-08-13 15:13:26	QIHU	sell	$70.640	long
2013-08-13 15:13:26	QIHU	sell	$70.620	long
2013-08-13 15:13:26	QIHU	sell	$70.640	long
2013-08-13 15:13:26	QIHU	sell	$70.640	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=QIHU&trade=560767&end=20130912&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=QIHU&trade=560767&end=20130813160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=QIHU&trade=560767&end=20130813160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=QIHU&trade=560767&end=20140110&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-08-19 15:19:18

Looked extended after a day of grinding all day. Seemed like should have passed on this as entry was at the 69 flag and again at the flag at 69.75ish. Looked like a fight for pennies

QIHU Trade on Aug 13, 2013 15:03 from johnc_BOWS: Tradervue User Stock Trades.

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