UNXL Trade on Sep 12, 2013 14:38 from johnc_BOWS: Tradervue User Stock Trades.

Assumption and Play:
Oversold on daily. Due for a rubberband snapback/deadcat bounce. Looked like it finally healed so I entered on the pullback to 9ema. Take a small position since UNXL seemed to be acting erratically.

Outcome:
Dumb rookie mistake. I hit 'Sell' instead of 'Buy' on Prodigio. I did this twice today.

Lessons and Mistakes:
Use the hot keys on trading platforms. I'm considering switching to DAS trader if they have a paper trading platform.

Also, take 2 seconds to review the trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-12 14:38:32	UNXL	sell	$15.950	short
2013-09-12 14:38:32	UNXL	sell	$15.950	short
2013-09-12 14:39:05	UNXL	sell	$15.950	short
2013-09-12 14:39:05	UNXL	sell	$15.950	short
2013-09-12 14:39:27	UNXL	sell	$15.960	short
2013-09-12 14:52:02	UNXL	buy	$16.130	short
2013-09-12 14:52:02	UNXL	buy	$16.130	short
2013-09-12 14:52:02	UNXL	buy	$16.130	short
2013-09-12 14:52:02	UNXL	buy	$16.130	short
2013-09-12 14:52:02	UNXL	buy	$16.120	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=UNXL&trade=594816&end=20131012&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=UNXL&trade=594816&end=20130912160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=UNXL&trade=594816&end=20130912160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=UNXL&trade=594816&end=20140209&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-09-13 23:20:19

I don't see the long or short setup there?

Nape_BOWS

2013-09-14 10:56:21

No setup

johnc_BOWS

2013-09-16 00:18:03

The setup was clearly a PB bounce. As I said in my description... "Dumb rookie mistake. I hit 'Sell' instead of 'Buy' on Prodigio. I did this twice today."

Nape_BOWS

2013-09-16 08:38:01

You still pull the trigger when the candle was red. There was no confirmation that the stock was going to bounce yet. You should have waited for the next green candle on good volume before buying.

johnc_BOWS

2013-09-16 22:21:51

Nape you're right. This is something I'll need to get used to

UNXL Trade on Sep 12, 2013 14:38 from johnc_BOWS: Tradervue User Stock Trades.

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