YGE Trade on Sep 25, 2013 10:17 from johnc_BOWS: Tradervue User Stock Trades.

Took this as a callout from Kunal. Solars were hot at the time. Bought on that short flag, with a stop just below the red candle (I did not respect my stop). I felt like I chased a bit here and bought very close to the HOD.

I exited because I realized that the entry was a chase and I'd rather take a small loss than have to wait until I take my max loss per trade ($100). I ended up being right, as the stock didn't do much after my entry.

Lesson:
Don't chase. This is one of my top trading rules, and I need to follow it regardless of what I see Kunal doing.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-25 10:17:47	YGE	buy	$5.920	long
2013-09-25 10:17:47	YGE	buy	$5.910	long
2013-09-25 10:17:48	YGE	buy	$5.920	long
2013-09-25 10:26:06	YGE	sell	$5.890	long
2013-09-25 10:26:07	YGE	sell	$5.900	long
2013-09-25 10:26:07	YGE	sell	$5.900	long
2013-09-25 10:26:08	YGE	sell	$5.893	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=YGE&trade=604828&end=20131025&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=YGE&trade=604828&end=20130925125108&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=YGE&trade=604828&end=20130925160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=YGE&trade=604828&end=20140222&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-10-01 22:58:50

On daily nice entry but intra looked chased.

johnc_BOWS

2013-10-02 03:12:28

Yeah total chase. Broke a rule and I paid for it.

YGE Trade on Sep 25, 2013 10:17 from johnc_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax