LL Trade on Sep 27, 2013 10:15 from markmandy54_BOWS: Tradervue User Stock Trades.

News play and opened right on 50MA on daily, with what really seemed like B.S. news. Volume was pouring in and price was ripping. Initial plan was for target of +1.50, +3 with stop under -1. Chickened out and set limit for a quick +.75 and got taken out.
Lesson: took too much size for comfort, have played this type of play many times and more often then not the limit fills but took more risk then was comfortable with. I should have taken a smaller position and stuck to my plan for minimal risk and great reward.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-27 10:15:13	LL	buy	$102.000	long
2013-09-27 10:17:54	LL	sell	$102.890	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=LL&trade=608994&end=20131027&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=LL&trade=608994&end=20130927160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=LL&trade=608994&end=20130927124754&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=LL&trade=608994&end=20130927111754&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

bjstrade9_BOWS

2013-09-29 12:37:49

Hola, that was a fast entry for an 89c gain, almost 1% in 2minutes. 1 entry exit, clean but could possibly sell in halves.
Like you said high risk trade, nothing for support.

2nd entry on first pb, this could have netted you 4% with barely any risk.

Nape_BOWS

2013-09-29 21:31:23

Entry and sell could have been better

LL Trade on Sep 27, 2013 10:15 from markmandy54_BOWS: Tradervue User Stock Trades.

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