TWM Trade on Oct 9, 2013 10:02 from TheCAG_BOWS: Tradervue User Stock Trades.

Setup: From the Intraday Chart it looked like the VWAP, 9, 20 EMA
were are rising up to meet the price.

Entry Price: $15.29

Exit Price: $15.33

Mistakes:
-If I had been more patient I could have ridden this stock higher. However, there was a pullback and once it reached an acceptable level where I made a profit and my fees were covered, I sold.

Pro:
It's the biggest profit I've made on the simulator so far.

If anyone has advice about how to get over that "panicy" feeling let me know. I know I could do better if I can just steady my nerves.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-09 10:02:43	TWM	buy	$15.286	long
2013-10-09 10:15:34	TWM	buy	$15.290	long
2013-10-09 10:15:34	TWM	buy	$15.280	long
2013-10-09 10:15:37	TWM	buy	$15.290	long
2013-10-09 10:16:05	TWM	buy	$15.290	long
2013-10-09 10:16:10	TWM	buy	$15.290	long
2013-10-09 10:16:15	TWM	buy	$15.290	long
2013-10-09 10:16:15	TWM	buy	$15.290	long
2013-10-09 10:16:15	TWM	buy	$15.285	long
2013-10-09 10:53:16	TWM	sell	$15.300	long
2013-10-09 10:53:35	TWM	sell	$15.320	long
2013-10-09 10:53:39	TWM	sell	$15.330	long
2013-10-09 10:53:39	TWM	sell	$15.330	long
2013-10-09 10:53:40	TWM	sell	$15.330	long
2013-10-09 10:53:54	TWM	sell	$15.340	long
2013-10-09 10:54:16	TWM	sell	$15.340	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TWM&trade=634001&end=20131108&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TWM&trade=634001&end=20131009130916&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TWM&trade=634001&end=20131009160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TWM&trade=634001&end=20131009110716&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2013-10-09 15:38:39

thre is no profit on here. 4 cents is bascially flat.. it means nothing.

ur entry was good though.. just not the rest of it..

from now on consider 4 cents a losing trade. that will keep u from doing that.

kunal00

2013-10-09 15:38:59

and there was no pullback.. not sure i dont see any red candles..

TheCAG_BOWS

2013-10-09 17:37:54

"from now on consider 4 cents a losing trade." Noted. I will keep that in mind and try to hold steady the next go round.

markmandy54_BOWS

2013-10-09 17:56:25

Where my mind goes is you were willing to risk -.10 or more to make +.05 cents. Not worth the risk in my opinion

BenRodts_BOWS

2013-10-09 20:46:56

If you start to panic maybe sell half and let the rest ride out with a stop at your partial price. That way you lock in your gains and you have nothing to lose.

TheCAG_BOWS

2013-10-10 10:09:41

Thanks BenRodts. Good idea.

kunal00

2013-10-11 00:07:12

true true pay urself always but not at 4 cents. that is not a gain just 1 more buyer then seller ..we trade explosive setups we need explosion!

TWM Trade on Oct 9, 2013 10:02 from TheCAG_BOWS: Tradervue User Stock Trades.

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