AMBA Trade on Sep 25, 2013 10:30 from johnc_BOWS: Tradervue User Stock Trades.

Almost a 3-week long consolidation/flag on the daily. It was tapping the 18.30 range for a few days now, so it seemed like it would be a really strong breakout. Plus, AMBA has a history of big run-ups. Because of all these factors, I took more risk than usual (2%) and took a slightly bigger position with a stop below that consolidation area before the breakout at 10:25AM.

I scaled out in 1/4, 200 shares each time.

(2nd entry)
I was really just looking for a scalp here. I added 300 shares after pullback (1/2 position) with a stop just below that pullback area. I sold 100 shares at .13 cents, then set my stop at the buy price. Stock was tired so it didn't have anymore juice.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-25 10:30:20	AMBA	buy	$18.400	long
2013-09-25 10:30:22	AMBA	buy	$18.390	long
2013-09-25 10:30:24	AMBA	buy	$18.400	long
2013-09-25 10:30:24	AMBA	buy	$18.400	long
2013-09-25 10:31:58	AMBA	buy	$18.550	long
2013-09-25 10:31:58	AMBA	buy	$18.540	long
2013-09-25 10:37:53	AMBA	sell	$18.650	long
2013-09-25 10:37:53	AMBA	sell	$18.650	long
2013-09-25 10:40:15	AMBA	sell	$18.750	long
2013-09-25 10:40:15	AMBA	sell	$18.750	long
2013-09-25 10:54:14	AMBA	sell	$18.850	long
2013-09-25 10:54:14	AMBA	sell	$18.850	long
2013-09-25 12:17:01	AMBA	sell	$19.220	long
2013-09-25 13:08:18	AMBA	buy	$19.165	long
2013-09-25 13:22:03	AMBA	sell	$19.290	long
2013-09-25 13:22:03	AMBA	sell	$19.290	long
2013-09-25 13:28:49	AMBA	sell	$19.140	long
2013-09-25 13:28:49	AMBA	sell	$19.155	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=604829&end=20131025&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=604829&end=20130925132849&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=604829&end=20130925160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=604829&end=20140222&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-10-01 23:10:57

Chased that puppy

johnc_BOWS

2013-10-02 00:00:03

I did but it was totally worth it. I've seen Kunal chase sometimes too, so I figure if you know the breakout will be strong and you manage risk appropriately, sometimes it's OK.

Maybe that's the wrong way of looking at it?

markmandy54_BOWS

2013-10-02 00:13:24

I think as long as you know your risk it's on!

AMBA Trade on Sep 25, 2013 10:30 from johnc_BOWS: Tradervue User Stock Trades.

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