MGM Trade on Aug 19, 2013 11:47 from oly_BOWS: Tradervue User Stock Trades.

In a bid to lose even more money on MGM, not the worst MGM trade of the day at least.

Entered as it was resuming out of the moving averages and breaking a mini high at 17.35. It went flat. I hit bedtime and decided I didn't think it was going to move so I cut it early. It would have cost more if I had stayed with it.

Entry: 17.38 (17.39 planned)
Stop: 17.29
Target: 17.59

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-19 11:47:00	MGM	buy	$17.380	long
2013-08-19 12:14:13	MGM	sell	$17.350	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MGM&trade=565867&end=20130918&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MGM&trade=565867&end=20130819143413&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2013-08-20 08:05:54

very big positions..if ur game is off for the day go 300 shares or 200 shares get back in the flow of things. u bought this one after 5 green candles might hae been a bit tired.

markmandy54_BOWS

2013-08-20 08:35:45

Looks like the casinos shook out weak hands this day. I put them back on my W/L as they still look setup. Good job re-entering even though it spanked you earlier, that is hard to do.

jollybhai_BOWS

2013-08-20 18:24:54

Again: You saved yourself.Good exit.

MGM Trade on Aug 19, 2013 11:47 from oly_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax