AMBA Trade on Dec 6, 2013 11:37 from johnc_BOWS: Tradervue User Stock Trades.

Feedback from Kunal: 2nd entry was bad. There was a huge dump in the morning and it had already gotten all the way back up. I took it at the 5th flag (at which it hadn't rested)

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-06 11:37:21	AMBA	buy	$24.130	long
2013-12-06 12:06:17	AMBA	sell	$24.370	long
2013-12-06 12:51:06	AMBA	sell	$24.640	long
2013-12-06 13:35:31	AMBA	buy	$24.750	long
2013-12-06 13:52:00	AMBA	sell	$24.839	long
2013-12-06 14:14:49	AMBA	sell	$24.830	long
2013-12-06 14:22:34	AMBA	sell	$24.810	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=739140&end=20140105&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=739140&end=20131206160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=739140&end=20131206160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AMBA&trade=739140&end=20140505&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-12-06 19:20:46

Chase the entry. $24 should have been your first entry.

johnc_BOWS

2013-12-06 20:00:57

True, but as Dr. Menaker says, you can't get caught up on playing perfectly. I reviewed this trade with Kunal and he said that my entry was good and my scale out was great.

The bigger problem here was my second entry. Too extended there.

Nape_BOWS

2013-12-07 10:02:03

I agree. Your not going to catch them perfectly every time, but what gave you confidence to enter there even though you knew you miss the flag break entry?

johnc_BOWS

2013-12-07 11:52:34

Market and tech sector were bouncing. Also, AMBA was in accumulation. Finally, 25 cent risk with a potential run to $24.80 seemed OK. You're right though, that first entry would've given me an additional $40

markmandy54_BOWS

2013-12-07 13:06:13

Great scaling. I know on entries you've been working on waiting for confirmation.The flag was under $24 and the confirm was right above. I agree w/ Dr. Menaker as there's no perfect play, and would add to that, consistent growth comes from continuing to refine the process. Looking good buddy.

Nape_BOWS

2013-12-07 14:40:54

Got you John.

AMBA Trade on Dec 6, 2013 11:37 from johnc_BOWS: Tradervue User Stock Trades.

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