ISIS Trade on Sep 19, 2013 09:38 from leadinggroup_BOWS: Tradervue User Stock Trades.

.49cent risk
Target 35.25
Purchased on the second 5min candle stick after the stock gaped up in the morning and had a strong volume.
Started to make a upwards triangle flag on the 1min chart.
Sold 1/3 after the first spike up, rest stopped out due to unexpected large drop in stock price. I do not understand why this happened.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-19 09:38:40	ISIS	buy	$34.430	long
2013-09-19 09:38:40	ISIS	buy	$34.430	long
2013-09-19 09:38:40	ISIS	buy	$34.400	long
2013-09-19 09:48:10	ISIS	sell	$34.750	long
2013-09-19 09:50:52	ISIS	sell	$33.960	long
2013-09-19 09:50:52	ISIS	sell	$33.960	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ISIS&trade=598244&end=20131019&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ISIS&trade=598244&end=20130919121552&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ISIS&trade=598244&end=20130919101652&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2013-09-19 12:17:56

now u know im an idiot and a multi tasker.... ur stop always goes at the buyprice... i got sidetracfked and next thing u know it tanked.

markmandy54_BOWS

2013-09-19 14:56:16

Is there a general rule of thumb to when you move the stop from original risk up to buy price? I tend to move it too quick and get stopped or not quick enough and realize max loss as opposed a scratch trade.

Wes_BOWS

2013-09-19 16:03:57

I'm not sure if there is a 'rule' on it, but when I scale out 1/2 my position, I move up the stop to 'at least' the buy price. Then even if I'm stopped out, I've already booked profit. At least for a newer trading unfamiliar with market movement, this leaves room for profit as well as learning.

ISIS Trade on Sep 19, 2013 09:38 from leadinggroup_BOWS: Tradervue User Stock Trades.

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