UNXL Trade on Sep 25, 2013 11:11 from johnc_BOWS: Tradervue User Stock Trades.

Daily chart had a bounce after the pullback to price support, clearing both the 20dma and the 50dma. Intraday, it had a really strong run-up with really only one very small pullback. I waited until the 2nd pullback of the day and bounced to the 18.78 area. I retrospect, I feel like I may have been a bit to early because it didn't form a base yet when I entered. I set my stop just below the base of the pullback candles (18.50).

I let it develop and scaled out 1/2, setting my stop at the buy price. It didn't do much after that and I ended up setting the other 1/2 flat. In the future, I should wait until a true inflection point before selling. I feel like I should've waited until that first red candle after the run-up.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-25 11:11:18	UNXL	buy	$18.787	long
2013-09-25 11:11:24	UNXL	buy	$18.780	long
2013-09-25 11:11:24	UNXL	buy	$18.780	long
2013-09-25 11:41:56	UNXL	sell	$19.150	long
2013-09-25 11:41:56	UNXL	sell	$19.081	long
2013-09-25 12:15:00	UNXL	sell	$18.830	long
2013-09-25 12:15:06	UNXL	sell	$18.830	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=UNXL&trade=604833&end=20131025&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=UNXL&trade=604833&end=20130925142506&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=UNXL&trade=604833&end=20130925160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=UNXL&trade=604833&end=20140222&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-10-01 23:06:54

Nice quick P/B

johnc_BOWS

2013-10-02 00:06:34

Yeah but I sold at support again. Still getting the hang of setting the right stop loss.

UNXL Trade on Sep 25, 2013 11:11 from johnc_BOWS: Tradervue User Stock Trades.

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