KORS Trade on Dec 23, 2013 13:19 from johnc_BOWS: Tradervue User Stock Trades.

I thought it had more. However, I suspect that since it had already bear flagged and recovered in the morning, it ran out of juice. If I traded earlier in the day, it would've been nice to catch the pullback to the 20ema on the 5-minute chart.

2/9: I now know better. I misinterpreted this as a bear flag, when really it was a 1-2-3 higher low. I'm classifying this as a Type 2 trade since I didn't know better at the time.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-23 13:19:20	KORS	sell	$80.380	short
2013-12-23 13:19:21	KORS	sell	$80.380	short
2013-12-23 13:19:21	KORS	sell	$80.380	short
2013-12-23 14:20:19	KORS	buy	$80.530	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=KORS&trade=755998&end=20140122&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=KORS&trade=755998&end=20131223160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=KORS&trade=755998&end=20131223160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=KORS&trade=755998&end=20140522&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2013-12-26 23:33:11

I THINK u got to long this stock bro.. see the daily is on support u need to think about the bounce

johnc_BOWS

2013-12-28 03:17:23

Yeah man, I agree. Also, higher low. I'm still learning how to play daylong bear flags. I'm saving this chart for a lesson on how NOT to play them.

markmandy54_BOWS

2013-12-29 02:34:01

agree w/ Kunal, 80 was support. After that big of a drop from the a.m., and into support, i'd pass.

KORS Trade on Dec 23, 2013 13:19 from johnc_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax