EJ Trade on Sep 30, 2013 09:43 from johnc_BOWS: Tradervue User Stock Trades.

(1st entry)
I immediately regretted this entry. My initial thought was that it looked like it was consolidating half the day yesterday, so if it broke above that base, then it would run up. It also seemed to be holding this $9.00 area so I thought that if could break $9.00, it would go.

I disregarded the early morning washout, which I wasn't sure was a good move. (I'd really appreciate feedback on this). I originally set a stop at 8.88, just under the closing price of the first 5 minute candle. When the pattern began to develop, I set my stop at the buy price. I let it develop and exited entirely when it appeared to be reversing because I wanted to get some kind of profit, regardless of my bad entry.

(2nd entry)
I took this as pullback. After the pullback, EJ appeared to be on the mend. Some volume came in and I entered at the break of that mini flag. I added more shares at the 2nd flag. I scaled out 1/2 and then 1/4. I exited when EJ appeared to be bear flagging.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-30 09:43:51	EJ	buy	$9.060	long
2013-09-30 09:43:51	EJ	buy	$9.060	long
2013-09-30 09:43:51	EJ	buy	$9.065	long
2013-09-30 09:43:55	EJ	buy	$9.070	long
2013-09-30 10:56:07	EJ	sell	$9.180	long
2013-09-30 10:56:07	EJ	sell	$9.180	long
2013-09-30 10:56:07	EJ	sell	$9.180	0
2013-09-30 11:58:23	EJ	buy	$9.250	long
2013-09-30 11:58:26	EJ	buy	$9.240	long
2013-09-30 12:35:48	EJ	buy	$9.350	long
2013-09-30 12:35:54	EJ	buy	$9.350	long
2013-09-30 12:36:04	EJ	buy	$9.350	long
2013-09-30 12:37:23	EJ	sell	$9.440	long
2013-09-30 12:37:23	EJ	sell	$9.440	long
2013-09-30 12:37:23	EJ	sell	$9.440	long
2013-09-30 12:53:02	EJ	sell	$9.520	long
2013-09-30 12:53:02	EJ	sell	$9.520	long
2013-09-30 12:53:02	EJ	sell	$9.520	long
2013-09-30 13:28:41	EJ	sell	$9.420	long
2013-09-30 13:28:41	EJ	sell	$9.420	long
2013-09-30 13:28:55	EJ	sell	$9.450	long
2013-09-30 13:28:55	EJ	sell	$9.420	long
2013-09-30 13:28:58	EJ	sell	$9.420	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=EJ&trade=610270&end=20131030&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=EJ&trade=610270&end=20130930144358&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=EJ&trade=610270&end=20130930160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=EJ&trade=610270&end=20140227&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-10-01 21:50:51

1st Entry was good imo as it went from r/g.. Should have sold some shares as it pop over $9.30.

markmandy54_BOWS

2013-10-01 23:04:03

Nice job

johnc_BOWS

2013-10-02 03:08:52

Nape, aren't Red-to-Green plays supposed to close at highs? I feel like my entry was bad because EJ didn't close at highs the previous day and I took it at R/G.

EJ Trade on Sep 30, 2013 09:43 from johnc_BOWS: Tradervue User Stock Trades.

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