ULTA Trade on Dec 6, 2013 11:23 from Suma_BOWS: Tradervue User Stock Trades.

This stock gapped down and formed a bear flag intra-day. Quick but profitable scalp.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-06 11:23:37	ULTA	sell	$94.360	short
2013-12-06 11:28:55	ULTA	buy	$93.920	short
2013-12-06 11:34:38	ULTA	buy	$92.900	short
2013-12-06 11:48:28	ULTA	buy	$93.220	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=739102&end=20140105&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=739102&end=20131206140828&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=739102&end=20131206160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=739102&end=20131206160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-12-06 16:28:47

Not bad.

iStryker_BOWS

2013-12-06 17:36:35

Pretty good, personally I would not have cover the first have at the price you did. I would've waited til 93.50 (maybe 93.70 if it started to show strength). The stock had a strong setup to break down to it. Plus you had the 9ema right there.

http://www.screencast.com/t/zg8O4pz4

If the stock market/stock was choppy then i would've covered where you did, but this stock was trading pretty smoothy (for a volatile stock)

Its something I am personally working on is not covering the first half too soon. It comes with practice. I learn a lot of this skill from watching Kunal trades. He has been trading for years and knows when the stocks run is likely going to reversal/bounce/pullback

Suma_BOWS

2013-12-06 17:54:47

iStryker, thanks for the feedback! Really appreciate it, Scaling out too early is certainly an issue I'm working on. It comes from suffering through a choppy market and losing some of my confidence in my setups. I know logically, it was the market, but my mind wants me to sell. It's a theme in most of my trades. I am starting to do a little better in some of today's trades (eg, Amba). As you say, I'm hopeful I'll be able to relax a little as I get more experience and confidence.

markmandy54_BOWS

2013-12-08 19:04:54

Nice entry

ULTA Trade on Dec 6, 2013 11:23 from Suma_BOWS: Tradervue User Stock Trades.

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