Shared by
oly_BOWS
JKS bounced on the 20 sma on the daily the day before. I bought as it rebouned intraday through the 20/9 emas but it was a messy pullback. Per a recent comment by Kunal, I will look for cleaner retracements. Reversed fast and I got out before getting stopped out.
Entry: 14.16 (14.10 actual)
Stop: 13.96
Target: 14.49
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-13 10:29:04 | JKS | buy | $14.100 | long |
| 2013-08-13 10:37:34 | JKS | sell | $14.010 | 0 |
Comments
oly_BOWS
Yeah this was way to messy - reminds me of what Kunal said on that other trade - you want a clean pullback, not like this. I have to focus on quality.
markmandy54_BOWS
Well of course it's easy using hindsight. I trade 100% using hindsight, haha. The tuff part is making the connection live. I have made this mistake several times so now i am going to take a pic and post it on my monitor saying "do not enter this setup". Thanks for posting Oly, it's helping me a great deal
kunal00
jks is always a bit messy of a stock..if u lok at all its intraday its liquidiyt is odd so it tends to have weird intradays and not clean moves.
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This one i would like to think i would have stayed away from as big red candles, small bounce followed by more big red candles and small bounce into falling 9MA (now resistance). This was more of a gamble and showed it's change to stair stepping down. Even with that said, you are doing fantastic at jumping ship quickly when it goes down. That is more then 1/2 the battle.