TRIP Trade on Aug 16, 2013 10:08 from johnc_BOWS: Tradervue User Stock Trades.

Shares traded: 1000
Closed P&L: $227.51

Assumption and Play:
Oversold on daily chart. Thought it would snapback with the market. Waited for Red-to-Green play.

Outcome:
It worked.

Lesson:
I should have scaled out and then held on to last 1/4 with a stop as the entry price. It went up quite a bit more, which I was actually expecting, but I wanted to take my profits quickly since the market seemed like it would get choppy.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-16 10:08:35	TRIP	buy	$70.540	long
2013-08-16 10:08:35	TRIP	buy	$70.530	long
2013-08-16 10:08:35	TRIP	buy	$70.540	long
2013-08-16 10:08:35	TRIP	buy	$70.530	long
2013-08-16 10:23:09	TRIP	sell	$70.842	long
2013-08-16 10:23:25	TRIP	sell	$70.828	long
2013-08-16 10:34:16	TRIP	sell	$71.040	long
2013-08-16 10:34:16	TRIP	sell	$71.040	long
2013-08-16 10:51:11	TRIP	sell	$71.151	long
2013-08-16 10:51:19	TRIP	sell	$71.150	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TRIP&trade=564330&end=20130915&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TRIP&trade=564330&end=20130816130619&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TRIP&trade=564330&end=20130816160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TRIP&trade=564330&end=20140113&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-08-21 08:28:39

Man, love the thought process, Great entry, great sells, you are aware of evening letting the last 100 or even 50 shares run. Nicely executed plan.

TRIP Trade on Aug 16, 2013 10:08 from johnc_BOWS: Tradervue User Stock Trades.

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