GDP Trade on Sep 12, 2013 13:33 from johnc_BOWS: Tradervue User Stock Trades.

Assumption and Play:
PB on the daily. Massive run in the morning but gave no entry. Consolidated nearly all day so I thought it would have some juice.

Outcome:
Entered at tightest point of flag. Stopped out at the big candle, just before it hit the VWAP.

Lessons and Mistakes:
Stock was pretty much in distribution when I bought it-- I really need to remember to look at the volume. Also, SPX was too choppy to justify taking such a mediocre play.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-12 13:33:40	GDP	buy	$26.510	long
2013-09-12 13:34:43	GDP	buy	$26.510	long
2013-09-12 13:34:43	GDP	buy	$26.510	long
2013-09-12 13:58:24	GDP	sell	$26.340	long
2013-09-12 13:58:24	GDP	sell	$26.340	long
2013-09-12 13:58:24	GDP	sell	$26.340	long
2013-09-12 13:58:24	GDP	sell	$26.350	0
2013-09-12 15:04:00	GDP	buy	$26.480	long
2013-09-12 15:04:00	GDP	buy	$26.480	long
2013-09-12 15:04:00	GDP	buy	$26.480	long
2013-09-12 15:04:00	GDP	buy	$26.480	long
2013-09-12 15:04:00	GDP	buy	$26.480	long
2013-09-12 15:04:00	GDP	buy	$26.480	long
2013-09-12 15:07:03	GDP	buy	$26.480	long
2013-09-12 15:07:03	GDP	buy	$26.480	long
2013-09-12 15:55:19	GDP	sell	$26.560	long
2013-09-12 15:55:23	GDP	sell	$26.550	long
2013-09-12 15:55:23	GDP	sell	$26.550	long
2013-09-12 15:55:25	GDP	sell	$26.560	long
2013-09-12 15:55:29	GDP	sell	$26.560	long
2013-09-12 15:55:29	GDP	sell	$26.560	long
2013-09-12 15:55:37	GDP	sell	$26.550	long
2013-09-12 15:55:45	GDP	sell	$26.550	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GDP&trade=594814&end=20131012&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GDP&trade=594814&end=20130912160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GDP&trade=594814&end=20130912160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GDP&trade=594814&end=20140209&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-09-13 19:50:50

setup wasn't quite there yet

johnc_BOWS

2013-09-13 20:22:28

Yeah youre right Nape. Also, I need to make more of an effort to buy on confirmation. I'm losing a lot of money lately buying too early.

markmandy54_BOWS

2013-09-13 23:22:42

Looks like you got in right at the apex of flag. My eye says good attempt and jumped out when rolled.

GDP Trade on Sep 12, 2013 13:33 from johnc_BOWS: Tradervue User Stock Trades.

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