CYTR Trade on Dec 12, 2013 15:14 from BillySee_BOWS: Tradervue User Stock Trades.

I was 5 out of 6 until I failed my new system of writing down why I'm entering a trade before entering. This is the result.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-12 15:14:51	CYTR	buy	$6.290	long
2013-12-12 15:28:18	CYTR	sell	$6.000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CYTR&trade=743787&end=20140111&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CYTR&trade=743787&end=20131212160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-12-12 17:51:57

When Kunal bought at this level it was more of a lotto attempt.

Brutto_BOWS

2013-12-12 19:55:14

I did the same exact thing thinking we might get another flag break. I just had a much tighter stop which saved me.

Boloan

2013-12-12 20:59:58

what's ur informed intuition telling u if ur a buyer at this late in the afternoon about other traders.

*so if Im smart enough to get in the 5.0 break or even pullback at 2:30 area.. what am Im gonna do on that nice big green candle.. not to mention it is a recent high level from the red tweezer candle at 2:15... continue to buy or take my money to the bank?

29 cent lost is 5%.. that's not small.

Avoid the herd mentality and u will learn so much more.

iStryker_BOWS

2013-12-12 22:05:11

Your entry was only a second tap of a flat top, not the best setup, third tap is the best, which was in the last 15 minutes, however, it was the last 15 minutes, where ppl were taking profit.

Honestly you should've played the flag breakout, not the flat top. (the bottom of the green candle you entry, on the 5 minute) Entry 6.10ish. This would be less riskier too, with your stop just under 6.

BillySee_BOWS

2013-12-12 23:15:46

iStryker and Brutto, Understood, and agreed. Thank you very much.
justin, (considering my past behavior) Had I been smart enough to enter on the flag break at the $5.00 area. I would have sold half when that 1st red candle appeared around the 2:20pm/$6.00 area and set a stop loss that included a profit of aprox .70 cents on the last half. That being said, it's easy for me to say what I would have done when I'm looking at the chart history. But that is what I would like to have made this play. Thank you.

CYTR Trade on Dec 12, 2013 15:14 from BillySee_BOWS: Tradervue User Stock Trades.

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