ULTA Trade on Dec 9, 2013 09:51 from markmandy54_BOWS: Tradervue User Stock Trades.

Continuation play, tapping lows. Short with stop -.50, Target +1, +1.50. Shot up right after stopping out. SHOULD HAVE KEPT ON RADAR as ripped up and rolled right over squeezing the shorts.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-09 09:51:22	ULTA	sell	$92.310	short
2013-12-09 09:55:14	ULTA	buy	$92.790	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=740817&end=20140108&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=740817&end=20131209160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=740817&end=20131209122514&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=740817&end=20131209105314&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Wes_BOWS

2013-12-09 17:53:24

Thank goodness for stops - that one could have hurt!

kunal00

2013-12-10 02:30:35

the hurt is not shorting it later..the setup was there and perfectit just didnt owrk...we all needed to re enter asap

markmandy54_BOWS

2013-12-10 09:19:01

Yes, i keep reminding myself once stopped out, Only that trade is done and to look for the next trade, even when it's in the same name and the same setup.

johnc_BOWS

2013-12-11 12:04:24

Don't sweat it, bro. I got stopped on out on a few of these shorts and didn't re-enter because I've been using TC 2000 as my charting platform, which makes it cumbersome to check my watchlists.

I wonder if, like me, you've been missing these re-entries because you're too focused on your open positions? Research has more or less confirmed that we're only able to focus on one thing at a time. Attention that goes to your open positions is attention you're not paying to other opportunities.

Either way, great stop. Looks like that could've really hurt if you were even a minute late.

markmandy54_BOWS

2013-12-11 19:06:17

I'm blown away at how different the charts look from my TOS screen shots to tradervue. I think you hit the nail on the head of papertrading with one platform and going live on another. I traded live on etrade for years and when i compare etrade to TOS, with same timeframe and indicators it looks totally different...my perceived edge goes to TOS.

As for stops i've broken my rules too many times so in order to place a trade i have to put in a hard stop.

And finally, As far as attention i just read an article the other day that since the invention of internet there's been a rapid decline in our attention span, as of this year the average attention span has dwindled down to 9 seconds....crazy!

ULTA Trade on Dec 9, 2013 09:51 from markmandy54_BOWS: Tradervue User Stock Trades.

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