RMTI Trade on Dec 17, 2013 13:37 from johnc_BOWS: Tradervue User Stock Trades.

Callout from Kunal. My biggest loss of the day. I really shouldn't have played it. I don't normally play that first setup, especially since it's so close to support. It actually looked long, but I took it without thinking.

The second setup seemed OK. It had failed MAs and couldn't pop back up. It suddenly had a really fast low volume bounce and I immediately got stopped out.

2/9: Even Kunal can make Type 4 trades. Mark's right-- this was a higher-low, so 20ema on the first entry was a key level (as well as the rising wedge support, obviously).

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-17 13:37:42	RMTI	sell	$10.730	short
2013-12-17 13:37:43	RMTI	sell	$10.730	short
2013-12-17 13:37:43	RMTI	sell	$10.730	short
2013-12-17 14:04:19	RMTI	buy	$10.820	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RMTI&trade=750165&end=20140116&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RMTI&trade=750165&end=20131217160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RMTI&trade=750165&end=20131217160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=RMTI&trade=750165&end=20140516&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-12-20 21:21:51

Higher highs and higher lows while above the MA's, don't agree with the first short, however 2nd short i see the attempt.

RMTI Trade on Dec 17, 2013 13:37 from johnc_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax