SPWR Trade on Sep 20, 2013 09:43 from johnc_BOWS: Tradervue User Stock Trades.

I took this trade as a callout from Maribeth. Unfortunately, I didn't understand the setup and I took it blindly. I didn't know my stop loss, my setup on the daily, my intraday setup. I exceeded my max loss because I took an oversized position. (I determined my position size by telling myself that I would take a fraction, 1/2 or 1/3, of Maribeth's position.

I violated my number 1 rule: "Always Know the Plan".

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-20 09:43:19	SPWR	buy	$25.149	long
2013-09-20 09:43:19	SPWR	buy	$25.149	long
2013-09-20 11:05:32	SPWR	sell	$24.880	long
2013-09-20 11:05:32	SPWR	sell	$24.880	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SPWR&trade=598737&end=20131020&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SPWR&trade=598737&end=20130920130532&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SPWR&trade=598737&end=20130920160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SPWR&trade=598737&end=20140217&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2013-09-24 14:38:25

lol yeah not a good setup actually!

SPWR Trade on Sep 20, 2013 09:43 from johnc_BOWS: Tradervue User Stock Trades.

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