PRAN Trade on Sep 11, 2013 10:27 from rrace11_BOWS: Tradervue User Stock Trades.

This trade is like running in a touchdown for the other team. EMBARRASSING!!!! I was so focused on looking for pullbacks that I completely missed the huge beautiful bear flag. WTF! Straight up ridiculousness.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-11 10:27:21	PRAN	buy	$5.271	long
2013-09-11 10:27:36	PRAN	buy	$5.260	long
2013-09-11 10:27:38	PRAN	buy	$5.270	long
2013-09-11 10:27:41	PRAN	buy	$5.270	long
2013-09-11 10:28:13	PRAN	buy	$5.270	long
2013-09-11 15:19:23	PRAN	sell	$5.070	long
2013-09-11 15:19:23	PRAN	sell	$5.070	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PRAN&trade=594316&end=20131011&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PRAN&trade=594316&end=20130911160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-09-13 19:55:58

no setup

markmandy54_BOWS

2013-09-13 23:27:57

The best part is u already know what went wrong.

johnc_BOWS

2013-09-17 22:11:42

It seems like you made the same mistake I often make-- remember that a pullback is only safe to enter after you have confirmation that the price level will hold.

In other words, make sure you have a candle that confirms that the stock is actually at support. What I tell myself is, "You can either wait 5 extra minutes to confirm support and potentially miss a run -OR- you can enter a stock early and lose a bunch of money."

PRAN Trade on Sep 11, 2013 10:27 from rrace11_BOWS: Tradervue User Stock Trades.

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