SIFY Trade on Oct 23, 2013 09:31 from markmandy54_BOWS: Tradervue User Stock Trades.

Looking for the P/B on daily to rising MA/gapfill/support hold. I was afraid it'd go without me so put on a partial tester with intention of add at 2.20 i pulled in. It did and got filled for avg price of 2.28 to full position with a stop -.10, Target +.15, +.25 and more. Put stop under support and got hit for loss. Not a great setup, should have passed on this one.

MISTAKES: Initiated 1st position too early. Did good job with cutting size but need to let market settle for 15 minutes regardless as every trade has allowed entry at some point.
Other mistake was put stop only -.01 cent under support.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-23 09:31:02	SIFY	buy	$2.340	long
2013-10-23 09:38:18	SIFY	buy	$2.210	long
2013-10-23 09:48:15	SIFY	sell	$2.190	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SIFY&trade=657726&end=20131122&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SIFY&trade=657726&end=20131023160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SIFY&trade=657726&end=20131023121315&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SIFY&trade=657726&end=20131023104215&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-10-23 13:07:03

no setup

charlesk_BOWS

2013-10-23 18:40:41

I can't remember who it was who recommended this strategy but I know what you were trying.. where you hit it out of the gate jus tknowing you have to exit ASAP if it goes against you.. or do the low position and watch it. no taught setup from class, but a ballsy quick move.

ckz8780

2013-10-27 14:26:07

Get rid of this stuff ... there was no setup - you're a trader not a gambler!

markmandy54_BOWS

2013-10-27 23:05:56

This was pure crap, agreed!

SIFY Trade on Oct 23, 2013 09:31 from markmandy54_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax