MCOX Trade on Aug 13, 2013 11:14 from fnu_BOWS: Tradervue User Stock Trades.

I felt the stock lost its strength to move up and it's in downtrend. Same deal..failed to break out several times. I took a small trade to manage the risk..
Shares traded: 2000
Closed P&L: $310.00

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-13 11:14:44	MCOX	sell	$6.650	short
2013-08-13 11:32:10	MCOX	buy	$6.600	short
2013-08-13 12:26:00	MCOX	buy	$6.080	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MCOX&trade=561033&end=20130912&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MCOX&trade=561033&end=20130813143100&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-08-13 20:52:06

Nice gain. what made you cover some at $6.60?

fnu_BOWS

2013-08-13 21:26:27

Nape, i guess i got scared. I expected it to go down at least to 6.4...but it went up right after my short..it's that newbie feeling so i immediately sold half on the first dip to get small profit..the 2nd up right after is more manageable after some profit in hand and it's not higher than prev high. It kinda proved the pattern.

kunal00

2013-08-14 17:09:39

this was good except the first cover!

i understand though mcox is so wild it can shake you out if ou go to big into the shares. sometimes till you get used to things low flaot stocks you can trade smallers so that you can let the setup develop

Nape_BOWS

2013-08-14 18:15:50

@fnu oh ok, haa I completely understand that feeling. Good job though!

MCOX Trade on Aug 13, 2013 11:14 from fnu_BOWS: Tradervue User Stock Trades.

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