IPCI Trade on Nov 25, 2013 15:30 from Steve_May_BOWS: Tradervue User Stock Trades.

High Flag: on entry there was a reasonable flag entry, stock went up 10 cents, but next candle dipped fast for 3 cent stop out loss. lesson was to take profit quickly on an already extended stock.
rating 4/10

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-11-25 15:30:48	IPCI	buy	$4.300	long
2013-11-25 15:42:53	IPCI	sell	$4.270	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=IPCI&trade=727310&end=20131225&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=IPCI&trade=727310&end=20131125160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

iStryker_BOWS

2013-11-26 08:33:05

don't even play this. I know you said to take profits quickly on an extend stock which is correct, but think about what was your stop and target?

The goal of BOWS is to pick stock that can run....like stop -15cents, target +30cents, or stop -30cent target +1.00....this stock had no juice....so it this case given the stock was extremely extend and it was the end of the day, where trades sell to take profits, target 4.40 maybe 4.50 if luck, stop 4.20 (R:R = 1:1)

IPCI Trade on Nov 25, 2013 15:30 from Steve_May_BOWS: Tradervue User Stock Trades.

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