EGHT Trade on Sep 4, 2013 09:34 from oly_BOWS: Tradervue User Stock Trades.

I was looking for a continuation play here. The day before it had been consolidating all day and volume was building into the end of day. The first candle ran up on similarly high volume to break new highs and I got in.

Entry: 9.78 (9.76 actual fill)
Stop: 9.68
Target: 9.98

Shortly after entering I didn't like the way it was moving. I don't think this was a good pick for daytrading and I don't swing-trade continuations so I changed my mind and got out for a very small loss.

Should not have taken this one, but at least I realized that early and corrected myself.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-04 09:34:11	EGHT	buy	$9.760	long
2013-09-04 09:46:53	EGHT	sell	$9.730	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=EGHT&trade=583144&end=20131004&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=EGHT&trade=583144&end=20130904121153&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-09-05 01:13:56

I find it hard trading these thin finds.

oly_BOWS

2013-09-05 01:32:37

Yeah was a very dumb play. Glad I took the small hit.

Nape_BOWS

2013-09-05 08:47:45

Hard to find clean setups with low volume stocks

EGHT Trade on Sep 4, 2013 09:34 from oly_BOWS: Tradervue User Stock Trades.

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