GTAT Trade on Aug 16, 2013 12:45 from johnc_BOWS: Tradervue User Stock Trades.

Shares traded: 3200
Closed P&L: $-50.00

Assumption and play:
I thought it would pull all the way back towards entry price since S&P500 was dipping so low at this time of day. Set a tight stop above MAs and sold it thinking it was bear flagging.

Outcome:
Got stopped out because my stop was too tight. It did end up dipping later and hit my target.

Lesson:
Take smaller position and set looser stop loss.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-16 12:45:53	GTAT	sell	$6.215	short
2013-08-16 12:46:09	GTAT	sell	$6.210	short
2013-08-16 12:46:17	GTAT	sell	$6.210	short
2013-08-16 12:46:17	GTAT	sell	$6.210	short
2013-08-16 12:46:17	GTAT	sell	$6.210	short
2013-08-16 12:46:34	GTAT	sell	$6.210	short
2013-08-16 12:46:52	GTAT	sell	$6.210	short
2013-08-16 12:47:24	GTAT	sell	$6.210	short
2013-08-16 12:47:45	GTAT	sell	$6.220	short
2013-08-16 12:47:45	GTAT	sell	$6.220	short
2013-08-16 12:47:45	GTAT	sell	$6.220	short
2013-08-16 12:47:45	GTAT	sell	$6.220	short
2013-08-16 12:47:45	GTAT	sell	$6.220	short
2013-08-16 12:47:45	GTAT	sell	$6.220	short
2013-08-16 12:54:30	GTAT	buy	$6.240	short
2013-08-16 12:54:30	GTAT	buy	$6.240	short
2013-08-16 12:54:41	GTAT	buy	$6.240	short
2013-08-16 12:55:06	GTAT	buy	$6.245	short
2013-08-16 12:55:06	GTAT	buy	$6.249	short
2013-08-16 12:55:06	GTAT	buy	$6.249	short
2013-08-16 12:55:06	GTAT	buy	$6.249	short
2013-08-16 12:55:06	GTAT	buy	$6.248	short
2013-08-16 12:55:06	GTAT	buy	$6.248	short
2013-08-16 12:55:06	GTAT	buy	$6.249	short
2013-08-16 12:55:10	GTAT	buy	$6.240	short
2013-08-16 12:55:26	GTAT	buy	$6.240	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GTAT&trade=564336&end=20130915&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GTAT&trade=564336&end=20130816160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GTAT&trade=564336&end=20130816160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GTAT&trade=564336&end=20140113&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-08-21 09:19:54

That was a super tight stop. Stop looks like should have been above 6.30 but looks like that'd take the R:R down to an unacceptable level since price had mostly retraced the opening range B/O.

GTAT Trade on Aug 16, 2013 12:45 from johnc_BOWS: Tradervue User Stock Trades.

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