GOGO Trade on Dec 18, 2013 10:19 from markmandy54_BOWS: Tradervue User Stock Trades.

Gapped down but started to firm up. As soon as started to roll over and made lower high, i took off flat.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-18 10:19:18	GOGO	buy	$27.800	long
2013-12-18 10:26:06	GOGO	sell	$27.820	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GOGO&trade=751426&end=20140117&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GOGO&trade=751426&end=20131218160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GOGO&trade=751426&end=20131218125106&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GOGO&trade=751426&end=20131218112406&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

johnc_BOWS

2013-12-26 20:26:36

Personally, I haven't seen gap-down longs work out unless you're bottom-fishing or the stock has broke major resistance levels and it's starting to gap-fill.

If you had consolidation right under that 28.20ish area, you really could've had something. Good recognition that the play wasn't going to work out. My only warning is that even breakeven trades are losing trades when you factor in commissions.

GOGO Trade on Dec 18, 2013 10:19 from markmandy54_BOWS: Tradervue User Stock Trades.

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