MFRM Trade on Sep 6, 2013 12:13 from johnc_BOWS: Tradervue User Stock Trades.

Assumption and Play:
Earnings gapper. Looked for a short on intraday. It looked like a base breakdown where I had bought it.

Outcome:
Didn't breakdown. Got stopped out.

Lessons and Mistakes:
Base breakdowns are not currently on my GOTO setups. I should keep working on my GOTO setups (i.e. intraday PB, flags and base breakouts) before integrating new ones. (Honestly though, that may not stop me from continuing to practice short plays).

Not sure what else I could've done.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-06 12:13:22	MFRM	sell	$34.700	short
2013-09-06 12:13:23	MFRM	sell	$34.700	short
2013-09-06 12:13:25	MFRM	sell	$34.700	short
2013-09-06 12:13:42	MFRM	sell	$34.709	short
2013-09-06 12:26:11	MFRM	buy	$34.850	short
2013-09-06 12:26:13	MFRM	buy	$34.850	short
2013-09-06 12:26:13	MFRM	buy	$34.850	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MFRM&trade=589712&end=20131006&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MFRM&trade=589712&end=20130906160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MFRM&trade=589712&end=20130906160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MFRM&trade=589712&end=20140203&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-09-10 08:30:57

This looks good to me, just didn't work. Great stop.

MFRM Trade on Sep 6, 2013 12:13 from johnc_BOWS: Tradervue User Stock Trades.

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