CSIQ Trade on Nov 4, 2013 09:37 from markmandy54_BOWS: Tradervue User Stock Trades.

Great Gap up to new highs in a sector that's been HOT! Waited as long as could before entering the ORB. Stop -.50, Target +1, +2. Ran up to +.94 and started to pullback so raised stop to just above B/E. I butchered this trade. As soon as started rolling should have pulled off 1/2 at +.75 or better and expected a P/B to the VWAP (and 20EMA on 2 min) and looked to add back to full position on that P/B bounce. Great original entry, managed poorly

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-11-04 09:37:37	CSIQ	buy	$27.440	long
2013-11-04 09:51:36	CSIQ	sell	$27.650	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CSIQ&trade=699866&end=20131204&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CSIQ&trade=699866&end=20131104160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CSIQ&trade=699866&end=20131104121636&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CSIQ&trade=699866&end=20131104104736&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-11-04 22:29:56

Great entry.. Just needed to take some off the table around 28.40ish.

Patti-Garland

2013-11-04 22:45:34

so, whatcha gonna do next time???? Sell into the spikes! Sell into the spikes! Sell into the spikes!!!

Legal_Eagle_BOWS

2013-11-04 22:51:00

Great analysis...you know what you did :)

ckz8780

2013-11-04 22:58:10

Nice entry, good stop. Try analyzing trades you've taken like this over time and see how they pan out. Define a specific rule for how to play them, like so:

If my entry is between 9:30 and 9:45 and the stock hits 1r, take off half due to morning volatility and move stop to b/e. Take 2R on the second half or 2R on all but lotto shares and let lotto run for the rest of the day w/ stop at b/e.

markmandy54_BOWS

2013-11-04 23:02:11

I notice i do this a lot, miss my limit sell and it starts to roll and pullsback to my entry level since i got in at a technical B/O level, however this time the MA is there which seems like a great place to add back the partial that i sold.

kunal00

2013-11-04 23:13:30

if ur gonna hold it all the way down from a dollar spike u might as well hold it back for the bounce no sense selling it for a few pennies when its going for a big move

markmandy54_BOWS

2013-11-04 23:31:50

Kunal, i've been recording my trades live with commentary so i can review later to see what mindset was, and i noticed something in my review on this trade that helps reinforce to sell the spike and to look to add on P/B to support. That's been tuff for me but is getting clearer.

bjstrade9_BOWS

2013-11-04 23:44:35

Gotta get back in that, it ran support all the way up.

socar2001_BOWS

2013-11-07 19:46:34

good job buddy.

CSIQ Trade on Nov 4, 2013 09:37 from markmandy54_BOWS: Tradervue User Stock Trades.

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