Shared by
bethomas47_BOWS
On the 5 minute chart, I bought on what looked like a pullback but it did not go all the way to the 9ema. The volume was decreasing on that red candle.
Should I have waited until a closer pullback?
Sold half as it ran up and sold other half at buy price.
Bought back and did it again.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-09-20 10:03:06 | JKS | buy | $18.430 | long |
| 2013-09-20 10:23:59 | JKS | sell | $18.680 | long |
| 2013-09-20 10:25:21 | JKS | sell | $18.440 | 0 |
| 2013-09-20 10:30:17 | JKS | buy | $18.480 | long |
| 2013-09-20 10:37:55 | JKS | sell | $18.670 | 0 |
Comments
markmandy54_BOWS
You got long right as the Pullback started. Best to wait for the bounce confirmation.
bethomas47_BOWS
I was buying on the 5 minute candle and honestly at the time it looked as if it was going to bounce.
Do you guys look at the 1 min chart before you buy?
Thank you
Nape_BOWS
@bethomas,
when playing the bounce wait for it the stock to have an orderly pullback to the 9ema, 20ema, or 20sma followed buy a green candle with good volume coming into the bounce play.
Thank you, I am going to watch some of the Market Watch videos this weekend! There should be some bounce plays.
kunal00
it was juat a 1 cndle pullback? thats not a pullback its just a red candle! it needs to pullllllllllllback.
I totally forgot what I was doing because I had had a bad trading day.
kunal00
happens to all of us!
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on your initial entry what was your signal to buy? it looks like it was still going down and needed to wait for the green candle a little later.