GRPN Trade on Oct 11, 2013 10:12 from TheCAG_BOWS: Tradervue User Stock Trades.

Setup I was going for a Pullback Play.
When Price touched the VWAP and 9 EMA I bought.
I should have waited for it to pullback more than it did as it ended up pulling all the way back down to ~$11.13.

It had a quick bounce up to $11.23 so I sold rather that wait for the price to pull back again. Still a small profit is better than a loss.

Entry $11.18
Exit $11.23

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-11 10:12:18	GRPN	buy	$11.180	long
2013-10-11 11:54:30	GRPN	sell	$11.230	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GRPN&trade=637896&end=20131110&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GRPN&trade=637896&end=20131011134930&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GRPN&trade=637896&end=20131011160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GRPN&trade=637896&end=20131011115430&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-10-11 13:05:39

cant just buy a stock when it pullback.. wait for the confirmation of the bounce.

TheCAG_BOWS

2013-10-11 20:55:46

Noted. Thx

markmandy54_BOWS

2013-10-11 22:20:42

No confirmation to confirm sellers were exhausted.

Gena_BOWS

2013-10-12 09:26:57

I see where you got in and it did look like it was consolidating there for sure, so I understand why you got in there (7 candles in a row with that same support level confirmed). It was a bit of a risky trade in that the daily would not have supported it being on my watchlist (had big run up the day before, and the 20dma was resistance above). I must say you did pick the perfect place to exit, and you knew that would be the resistance zone, so good for you and your patience on this one!

GRPN Trade on Oct 11, 2013 10:12 from TheCAG_BOWS: Tradervue User Stock Trades.

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