SCTY Trade on Nov 14, 2013 09:24 from Goku_A7: Tradervue User Stock Trades.

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Goku_A7

 

Two attempts here,
First the gap up pre market and it had a very nice bull flag sitting on 58 level. I entered there and new there would be an initial pop on the open. I missed my first scaling point since I didn't have the limit order in already otherwise this would have been a winner. Then, I got desperate and kept thinking it would come back, great recipe for disaster and took a decent loss. Stop was supposed to be at 58.
Second attempt I thought it had found a base and would bounce a bit, I even added to it once it started to bounce, smaller loss on this one.

Set stops and limits, follow the trade plan, don't take revenge trades. I need to decide whether my trades are great setups and should scale out, or whether they are scalp trades and take the quick profit. My premarket entrance should have been a scalp and quick profit, perfect risk to reward.


Execution detail:

Date/time Symbol Side Price Position
2013-11-14 09:24:02 SCTY buy $58.200 long
2013-11-14 09:24:04 SCTY buy $58.200 long
2013-11-14 09:34:22 SCTY buy $58.750 long
2013-11-14 09:34:30 SCTY buy $58.795 long
2013-11-14 09:43:16 SCTY sell $57.500 long
2013-11-14 09:43:16 SCTY sell $57.500 long
2013-11-14 09:43:16 SCTY sell $57.500 0
2013-11-14 10:03:23 SCTY buy $57.160 long
2013-11-14 10:03:27 SCTY buy $57.010 long
2013-11-14 10:13:13 SCTY buy $57.400 long
2013-11-14 10:13:13 SCTY buy $57.400 long
2013-11-14 10:21:56 SCTY sell $57.010 0


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