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

Shares traded: 8000
Closed P&L: $125.70

Assumption:
9ema was acting as resistance after large red candle at since 2pm EST. FB bear flagging.

Plan:
Buy at higher range of bear flag and sell as it drops. Take a smaller position to protect day's profits.

Outcome:
Set my first target at 10 cents, which is when I sold half of my position. Anticipated pattern didn't develop so I pulled out 5 cents below entry.

Mistake:
Bad stop loss-- as a result, took a position that was larger than reasonable R:R. Should have set stop at

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-13 15:15:44	FB	sell	$36.940	short
2013-08-13 15:15:45	FB	sell	$36.949	short
2013-08-13 15:17:35	FB	sell	$36.990	short
2013-08-13 15:17:35	FB	sell	$36.990	short
2013-08-13 15:17:35	FB	sell	$37.000	short
2013-08-13 15:26:37	FB	sell	$36.920	short
2013-08-13 15:26:37	FB	sell	$36.920	short
2013-08-13 15:26:37	FB	sell	$36.920	short
2013-08-13 15:26:37	FB	sell	$36.920	short
2013-08-13 15:26:37	FB	sell	$36.920	short
2013-08-13 15:27:11	FB	buy	$36.900	short
2013-08-13 15:33:17	FB	buy	$36.960	short
2013-08-13 15:33:17	FB	buy	$36.960	short
2013-08-13 15:33:17	FB	buy	$36.960	short
2013-08-13 15:33:17	FB	buy	$36.960	short
2013-08-13 15:33:17	FB	buy	$36.960	short
2013-08-13 15:33:17	FB	buy	$36.960	short
2013-08-13 15:33:17	FB	buy	$36.960	0
2013-08-13 15:38:33	FB	sell	$36.910	short
2013-08-13 15:38:33	FB	sell	$36.910	short
2013-08-13 15:38:33	FB	sell	$36.910	short
2013-08-13 15:39:52	FB	sell	$36.893	short
2013-08-13 15:41:42	FB	buy	$36.840	short
2013-08-13 15:41:42	FB	buy	$36.840	short
2013-08-13 15:45:35	FB	buy	$36.910	short
2013-08-13 15:45:35	FB	buy	$36.910	short
2013-08-13 15:45:35	FB	buy	$36.910	short
2013-08-13 15:45:35	FB	buy	$36.910	short
2013-08-13 15:45:35	FB	buy	$36.905	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FB&trade=560768&end=20130912&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FB&trade=560768&end=20130813160000&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FB&trade=560768&end=20130813160000&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=FB&trade=560768&end=20140110&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-08-19 15:05:45

Looks like you took unnecessary risk on early. A bear flag will tell you when to short it. Broke down around 37 area with a great stop -.10.

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

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