BG Trade on Apr 24, 2017 15:43 from Carter_is_the_Man_BOWS: Tradervue User Stock Trades.

I had been watching BG setup for quite some time and even had planned an entry a few trading days prior to my entry but the R:R was too small to get in. However on the 24th of April I was able to be home at the close (new part time job). Now BG had gapped and ran up breaking a previous pivot high, which created a 3rd leg in the Complex Consolidation pattern. The 24th wasn't a particularly weak day, however it certainly lacked conviction when it broke that previous pivot point. The problem was that I knew that I wasn't going to be home for the close the next day which would have been the likely day for an entry trigger, so I forced the trade. Then, on the 1st of May, I got a notification that My broker had a "technical error" which caused my stop loss to get sent to market, covering my short position .10 from the high of the day (.11 from the high of the month). I talked to them and they said they can't do anything but refund me the commission from that trade ($5). So I lost .74 per share as apposed to my intended $1.40 per share. But then the next day, BG ran down to within .08 of my target price. Then today, May the 3rd, BG released earnings. I don't care what the earnings were but price opened up at 68.41... this could have been a $9.94 PER SHARE win, in other terms a 7.10 Risk:Reward trade! Now... I am not mad because their error made me lose $40, I am mad because THEIR ERROR prevented me from a roughly 7 R:R win... And what makes it a little more suspicious is that my broke sometimes does take the other side of clients trades... Needless to say, I am in the market for a new broker.


Execution detail:

Date/time Symbol Side Price Position
2017-04-24 15:43:41 BG sell $78.350 short
2017-05-01 09:32:17 BG buy $79.090 0


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