GMCR Trade on Sep 9, 2013 13:49 from johnc_BOWS: Tradervue User Stock Trades.

Assumption and Play:
Pullback/bounce on the daily chart. Looked for an entry in the afternoon when I saw this during one of my intraday scans. Bought it on intraday flag and flat-top breakout.

Outcome:
Wanted Took this trade cautiously, so my position size was very small. As a result, I didn't scale out and pretty much sold off at my first target.

Lesson:
Not sure how I could've improved this trade. Any feedback would be much appreciated.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-09 13:49:12	GMCR	buy	$85.120	long
2013-09-09 15:03:40	GMCR	sell	$86.050	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GMCR&trade=589969&end=20131009&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GMCR&trade=589969&end=20130909160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GMCR&trade=589969&end=20130909160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GMCR&trade=589969&end=20140206&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-09-13 16:20:01

Since always looking to learn, only 2 things I see is entry could have been closer to the base for lower risk and kept partial on since no support was broken.

johnc_BOWS

2013-09-13 19:22:40

You could be right Mark. My only concern is that taking 4 executions on such a small position. Either way, I should hold on to lotto shares just for practice.

GMCR Trade on Sep 9, 2013 13:49 from johnc_BOWS: Tradervue User Stock Trades.

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