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Brutto_BOWS
Second bear flag play on this after taking one earlier that I thought was bullish. Let the same chat room member influence me a second time. Risk was low again so I took a shot into the close. Ended up breaking out to the upside again as it tried to break the VWAP into the close.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-13 15:18:46 | LULU | sell | $59.080 | short |
| 2013-12-13 15:35:35 | LULU | buy | $59.150 | 0 |
Comments
Brutto_BOWS
Thanks for the comment and I agree. If you look at my earlier LULU trade you'll see in my notes that I liked it for a long EOD but I let someone in the chatroom influence my thinking. That was my mistake. Thanks for confirming my thought process though. Good lesson learned.
ejwolf1231_BOWS
I too have let the chat room influence my trades twice in the last few days without doing any of my own investigation to their thinking. New rule for me: its okay to get idea generation from the chat room but when it comes to taking the trade I need to investigate and build my own case before pulling the trigger!
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stock was oversold, outside bolly's, down 4 days in a row and fell hard in the morning. It appears as if it was trying to squeeze to the upside EOD. Also, looks like you bought it when it crossed back under the 20 - which is not a good enough reason to short it. No setup - if you look the MA's were flattening out with low volume then starting to move upward when u bought it.