RSOL Trade on Oct 11, 2013 09:38 from markmandy54_BOWS: Tradervue User Stock Trades.

Sloppy daily flag, gap and mini flag. Took too small of position for amount of risk i took on and didn't sell into the spike. Better trades out there, i should not have taken this trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-11 09:38:21	RSOL	buy	$2.720	long
2013-10-11 10:11:45	RSOL	sell	$2.720	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RSOL&trade=638238&end=20131110&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RSOL&trade=638238&end=20131011160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RSOL&trade=638238&end=20131011123145&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=RSOL&trade=638238&end=20131011110145&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

charlesk_BOWS

2013-10-11 21:13:14

looks like one of my trades lol.... foregetting to scale out

markmandy54_BOWS

2013-10-11 21:31:27

Stop was -. 04 and target 1 was +. 10 and it missed.

bethomas47_BOWS

2013-10-11 22:31:33

Great ORB entry! then it moved really quick

BenRodts_BOWS

2013-10-12 02:12:21

If your stop was .04 then your first scaling out point should be .08 for 2:1... Which would have been 2.80. Looks like 2.80 is where it went the other direction. Take profits fast in a shaky market.

Gena_BOWS

2013-10-12 10:01:04

wasn't the best daily pattern set up btw - I would have been wary about this one because of that. Good entry though! You could tell from the 30min and the daily that the next resistance would be at the 2.75-.80 mark, so I would have at least sold a partial then. As Kunal says, don't look at your P&L to make decisions about selling, look at the chart and pattern to make those decisions.

ckz8780

2013-10-12 20:32:40

On the daily the stock is just consolidating. You wanna wait until the stock has a daily that looks ready to explode. The more this stock consolidates the more eyes will be on it when it does blow and the more powerful the breakout. Also consider that RSOL runs very erratically and usually on PR or momo. It's best to just wait until you see a big up day and then hammer it intraday.

kunal00

2013-10-18 12:36:10

this one wasnt ready.. 3 is big restiance..but it can be broken if ur intraedy setup is rock solid which this wasnt really.. also a 4 cent stop is kind of unreasonable as there is no support zone really 4 cents away.

markmandy54_BOWS

2013-10-18 17:46:55

Kunal, this is where i get confused as so many times in this market a huge momo B/O candle like this set's up for a Red to Green move and runs like crazy. I thought i waited to see if buyers were stepping in off the open and when that huge volume poured in thought it was a high probability trade with a very tight stop. I'm struggling!
I guess in hindsight it'd need to coil for almost a whole day to be that rock star setup?

RSOL Trade on Oct 11, 2013 09:38 from markmandy54_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax