rfe: bull flag, s 27.75, 3 tfta, some BOWS chatter
stop @ 27.70
target @ 28.70
concerns: sto overbought, tired run
put a stop above my buy price before 1:00 PM. Had to deal with some full time job and was close to my $250 max loss for the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-12 10:46:51 | P | buy | $28.020 | long |
2013-11-12 11:57:17 | P | sell | $28.040 | 0 |
Take some profits to pay for trade. adjust Stop Loss to reduce risk. Think small and take profits quick.
I wanted to buy it here on the 28.00 break, but I told myself it was to extend, you'll be chasing, find something else. Come back only if it consolated under 28.00.
Nice stop at your buy price. For a new trader I find this key, as flat trade is better than a negative one.
FYI - the buy wasn't on the 28.00 break (10:46) it was @ 11.19. See the flag?
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
5 min looked like a chase on the entry. I had to completely take away my 1 min as it killed my trading.