AMBA Trade on Sep 9, 2013 09:45 from johnc_BOWS: Tradervue User Stock Trades.

Assumption and Play:
Earnings gapper

(1st entry) Intraday flag
(2nd entry) Expected 9ema bounce, without confirmation
(3rd entry) ???
(4th entry) PB to support

Outcome:
1st and 4th entry were well-executed, in my opinion. I took them as scalps for the most part.

2nd entry was re-add without confirmation of 9ema bounce. It broke support and I got stopped out.
3rd entry was chasing. Not sure why I bought it where I did.

Lessons and Mistakes:
1st entry was fine, but I should've held on to the last 125 shares instead of selling off (since I re-added soon after anyway).

2nd entry - I should've waited for confirmation of the PB bounce.

3rd entry - I don't understand why I took this trade here. I had no reason to chase since it wasn't at a PB spot. In the future, I should keep a small notebook, writing down my reason for each execution.

4th entry - Per Mark Manderson's recommendation, I saw another great entry so I took it. It held 9ema, decent volume had been coming in and I had a relatively tight stop on a small position.

As usual, my biggest problem is that I'm not holding on enough shares to try to go for a homerun trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-09 09:45:47	AMBA	buy	$17.080	long
2013-09-09 10:10:30	AMBA	sell	$17.350	long
2013-09-09 10:11:08	AMBA	sell	$17.350	long
2013-09-09 10:14:47	AMBA	sell	$17.460	long
2013-09-09 10:29:37	AMBA	sell	$17.470	long
2013-09-09 10:29:37	AMBA	sell	$17.470	0
2013-09-09 10:43:25	AMBA	buy	$17.450	long
2013-09-09 10:43:33	AMBA	buy	$17.450	long
2013-09-09 10:55:27	AMBA	sell	$17.380	long
2013-09-09 10:55:27	AMBA	sell	$17.380	long
2013-09-09 10:55:27	AMBA	sell	$17.380	long
2013-09-09 10:55:27	AMBA	sell	$17.380	long
2013-09-09 10:55:27	AMBA	sell	$17.380	long
2013-09-09 10:55:27	AMBA	sell	$17.380	0
2013-09-09 11:25:02	AMBA	buy	$17.650	long
2013-09-09 11:25:02	AMBA	buy	$17.650	long
2013-09-09 11:25:02	AMBA	buy	$17.650	long
2013-09-09 11:37:59	AMBA	sell	$17.570	long
2013-09-09 11:38:04	AMBA	sell	$17.540	0
2013-09-09 11:39:29	AMBA	buy	$17.540	long
2013-09-09 11:39:29	AMBA	buy	$17.540	long
2013-09-09 11:41:30	AMBA	buy	$17.590	long
2013-09-09 11:42:51	AMBA	buy	$17.568	long
2013-09-09 12:20:07	AMBA	sell	$17.700	long
2013-09-09 12:20:07	AMBA	sell	$17.700	long
2013-09-09 12:20:07	AMBA	sell	$17.700	long
2013-09-09 12:22:35	AMBA	sell	$17.766	long
2013-09-09 12:22:45	AMBA	sell	$17.790	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=589963&end=20131009&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=589963&end=20130909140245&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=589963&end=20130909160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=589963&end=20140206&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2013-09-11 12:52:55

im dizzy!

markmandy54_BOWS

2013-09-13 16:11:46

Wow that's a Lotta buys and sells. My suggestion is look at difference between your p&l as traded vs theoretical p&l if you would have sold partials from 1st entry and left some on until support was broken (which wasn't entire day)

bjstrade9_BOWS

2013-09-14 00:15:47

Your entries were good, and yes I have to write down why I am taking a trade aswell. Good advice Mark

AMBA Trade on Sep 9, 2013 09:45 from johnc_BOWS: Tradervue User Stock Trades.

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