SBGI Trade on Oct 15, 2013 09:32 from markmandy54_BOWS: Tradervue User Stock Trades.

The trendline for the flat top B/O was from previous day at 34.55 and the volume coming in on the new day made me think this was the breakout, but since i've been getting in early and am now trying to wait the 15 minutes, i rationalized taking a tester position with a loose stop of -.40 to anticipate the B/O. Rolled over to hit me for the -$.40. On watch for tomorrow.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-15 09:32:10	SBGI	buy	$34.700	long
2013-10-15 09:43:42	SBGI	sell	$34.310	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SBGI&trade=644295&end=20131114&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SBGI&trade=644295&end=20131015160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SBGI&trade=644295&end=20131015120842&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SBGI&trade=644295&end=20131015103942&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-10-15 23:38:50

Chase the entry

charlesk_BOWS

2013-10-16 00:48:37

or were you playing that flag and entered early but it ended up going the opposite way?

bjstrade9_BOWS

2013-10-16 01:43:06

Hey Mark, I got caught like this a few times as you know. One thing that I started to do is make sure a few candle for opening range bo, and set a tight stop to at least close to the bottom of the bo candle if it does turn. and another that may not apply to you is a limit order bc I was getting horrific fills at market buys on the spike.

markmandy54_BOWS

2013-10-16 08:14:35

Thanks guys.

Gena_BOWS

2013-10-16 09:03:20

yeah this one was tough. But maybe as soon as it confirmed back to red (from g/r) it was time to get out - so your stop area would have been sooner

SBGI Trade on Oct 15, 2013 09:32 from markmandy54_BOWS: Tradervue User Stock Trades.

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