POT Trade on Oct 2, 2013 13:17 from charlesk_BOWS: Tradervue User Stock Trades.

terrible trade.. I chased the run up.. entered at the high instead of waiting for it to breakout, which you can see it never did.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-02 13:17:00	POT	buy	$32.850	long
2013-10-02 14:38:00	POT	sell	$32.660	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=POT&trade=621161&end=20131101&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=POT&trade=621161&end=20131002160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=POT&trade=621161&end=20131002160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=POT&trade=621161&end=20131002151000&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-10-03 14:24:47

to high on entry

Gena_BOWS

2013-10-03 21:08:35

Definitely a chase. That $32 spot was such a perfect set up, and it had also the support on the daily in that it passed the 20dma just soon before that. Also, on the daily, you can easily see a natural resistance point around the 32.60-.80 spot (from 9/10-9/23 or so), so I wouldn't be buying at the resistance point without b/o confirmation from that spot. One thing I notice with your trades - you tend to trade more around lunch time, rather than in the morning. Are you able to trade earlier in the day? I think you might do well to get started much earlier. Mid-day/lunchtime trades are very hard (imo from my very short trading experience!!).

charlesk_BOWS

2013-10-04 00:37:53

Thanks for the comments guys and gals. Gena yes ive been in the chatroom all day everyday last few days. The morning is just so fast that by the time i see a setup and react its too late...so when things slow down im more comfortable. I use tc2000 gold but its still not real time. Most times kunal calls something, i dont see it for a few seconds.

Gena_BOWS

2013-10-04 00:54:48

Understood! It is fast for sure. I wish he would tell us what he is specifically stalking for the morning before he calls out the trade entry (although I guess that would be his watchlist posted on BOWS, duh). I often follow szaman's lead - he is excellent too and often calls out what he is stalking with enough notice before he gets in.

markmandy54_BOWS

2013-10-04 18:36:28

Notice the decrease in volume on each successive 5 min candle. Buyers fatigue.

POT Trade on Oct 2, 2013 13:17 from charlesk_BOWS: Tradervue User Stock Trades.

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