AMPE Trade on Aug 14, 2013 11:33 from mirko_BOWS: Tradervue User Stock Trades.

The stock was gapping down premarket so I was waiting for an intraday setup to develop.
Once I saw a possible flag breakout I have entered the trade believing it could be a squeeze zone play but it went down instead and exited with a biggest loss today.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-14 11:33:49	AMPE	buy	$6.422	long
2013-08-14 11:47:19	AMPE	sell	$6.280	long
2013-08-14 11:47:20	AMPE	sell	$6.300	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMPE&trade=561447&end=20130913&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMPE&trade=561447&end=20130814141220&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Wes_BOWS

2013-08-14 16:28:46

I got bit yesterday by the same thing. That's why we use stop losses! Good call on getting out.

mirko_BOWS

2013-08-14 16:48:51

Had the same problem couple of days ago Wes, now it won't ever happen for me not to set up the stop loss - lesson learned :)

Nape_BOWS

2013-08-14 16:59:27

If it would have got back over $6.50. That would have been a better spot to buy because then it would have gotten pass the price resistances.

AMPE Trade on Aug 14, 2013 11:33 from mirko_BOWS: Tradervue User Stock Trades.

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