MTBC Trade on May 10, 2017 09:39 from coryjpat: Tradervue User Stock Trades.

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coryjpat

 

I'm literally making the same mistakes over and over... Played this one incorrectly thought it would break that high of day with no problem. My problem has and still is, that I buy into the spike at the high and as soon as I get into the trade, I'm in when the price breaks down and I'm out with a lost.

(B)-Buy (S)-Sell
MACDH=> 0.0573022(B) - -(0.071291)(S)
MACDT=>(B) Above moving average, however, in the process of turning
Volume=> 506,024(B) - 286,154(S)
Shares=> 400
RSI=> 67.5219(B) - 48.9714(S)
Stochastic Full=> (50.1189 - 45.3422)(B) - (6.10417 - 10.8783)(S)
MACDT=>(S) Trending downward and moving closer to the MVA
OPEN Trade:$3.550 / $3.474 ($355.00)($347.40)(B)
CLOSE Trade:$3.215 ($321.50)(S)
P/L: -$59.44

Really no reason to enter this trade. I woke up late and saw the trade at the last minute before the opening bell. I wanted to make a trade and chased this one. There was potentially entry but, the time and volume were both not highly recommended. The only plus regarding this trade was that I cut losses quick.

Overall Grade: D+


Execution detail:

Date/time Symbol Side Price Position
2017-05-10 09:39:17 MTBC buy $3.550 long
2017-05-10 09:46:39 MTBC buy $3.474 long
2017-05-10 09:49:09 MTBC sell $3.215 long
2017-05-10 09:49:09 MTBC sell $3.215 0


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