AMBA Trade on Sep 6, 2013 10:29 from johnc_BOWS: Tradervue User Stock Trades.

Assumption:
Good earnings. Was looking for an intraday entry, particularly a PB or base breakout (which are my current GOTO setups)

Play:
Buy on confirmation of the intraday flag.

Outcome:
Sold off 1/2 at 17.60 and let it develop. However, there was a really hard and fast pullback soon after, which triggered my automatic stop.

Lessons and Mistakes:
Not entirely sure how I could've improved this trade, other than maybe learning how to play ORBs.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-06 10:29:10	AMBA	buy	$17.450	long
2013-09-06 10:29:15	AMBA	buy	$17.440	long
2013-09-06 10:29:39	AMBA	buy	$17.450	long
2013-09-06 10:29:39	AMBA	buy	$17.450	long
2013-09-06 10:29:39	AMBA	buy	$17.450	long
2013-09-06 10:29:39	AMBA	buy	$17.450	long
2013-09-06 10:29:39	AMBA	buy	$17.450	long
2013-09-06 10:33:00	AMBA	sell	$17.600	long
2013-09-06 10:33:00	AMBA	sell	$17.600	long
2013-09-06 10:33:00	AMBA	sell	$17.600	long
2013-09-06 10:34:16	AMBA	sell	$17.600	long
2013-09-06 10:40:57	AMBA	sell	$17.420	long
2013-09-06 10:40:57	AMBA	sell	$17.420	long
2013-09-06 10:40:57	AMBA	sell	$17.420	long
2013-09-06 10:40:57	AMBA	sell	$17.420	0
2013-09-06 10:42:00	AMBA	buy	$17.430	long
2013-09-06 10:42:00	AMBA	buy	$17.430	long
2013-09-06 10:42:00	AMBA	buy	$17.430	long
2013-09-06 10:42:00	AMBA	buy	$17.430	long
2013-09-06 10:42:00	AMBA	buy	$17.430	long
2013-09-06 10:42:00	AMBA	buy	$17.430	long
2013-09-06 10:44:08	AMBA	sell	$17.330	long
2013-09-06 10:44:08	AMBA	sell	$17.332	long
2013-09-06 10:44:08	AMBA	sell	$17.330	long
2013-09-06 10:44:08	AMBA	sell	$17.330	long
2013-09-06 10:44:08	AMBA	sell	$17.345	long
2013-09-06 10:44:08	AMBA	sell	$17.290	long
2013-09-06 10:44:08	AMBA	sell	$17.290	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=589709&end=20131006&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=589709&end=20130906130908&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=589709&end=20130906160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=589709&end=20140203&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

bethomas47_BOWS

2013-09-10 07:56:24

Just curious: I have seen a couple others doing this, but why do you BUY a few 100 shares every 1 minute or 2 instead of just one big BUY at 1000 or whatever the position size sheet figures say?

markmandy54_BOWS

2013-09-10 08:26:28

Nice entry off that flag consol. Nice sell into spike. She just wouldn't run.

johnc_BOWS

2013-09-10 22:14:30

Hey Beth, I spoke to the guy who created Tradervue and apparently that just the way Prodigio works. Instead of grouping single orders together (shares of 500 or 1000), it will count each EXECUTION.

For example, in this trade, I set a limit order of 17.45. Prodigio will fill my order as cheaply as possible, but it can only get so many shares at one time. So on one execution it got 100 shares at 17.45, and then 400 at 17.44.

Hope that makes sense.

AMBA Trade on Sep 6, 2013 10:29 from johnc_BOWS: Tradervue User Stock Trades.

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