SCTY Trade on Jan 13, 2014 10:06 from markmandy54_BOWS: Tradervue User Stock Trades.

I like the 3 day P/B to support and MA on daily. Alert hit at 64, double bottom so long in range with stop -.30, Target +1, +1.75ish. Intraday appeared to be more bear flag so took off B/E. Would have hit stop but i did not put stop at right place. Needed to put it at lows around -.45 (Still great R:R). I butchered this trade and executed the stop poorly and 2nd guess my play. Ran to both targets, never hit obvious stop. Good lesson and reinforcement. Will nail this play next time!!!!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-13 10:06:57	SCTY	buy	$64.090	long
2014-01-13 10:13:40	SCTY	sell	$64.170	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=784314&end=20140212&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=784314&end=20140113160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=784314&end=20140113124340&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=784314&end=20140113111140&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

daniel_lopez_BOWS

2014-01-13 12:41:11

eeek! got out too quick, still good eye!

markmandy54_BOWS

2014-01-13 15:23:31

Yes, i micromanaged this AND 2nd guessed my plan instead of taking a better stop and letting the trade work or not. Great lesson to get in trade and let plan take out, whether for a win (in this case +2) or for a loss (-.50).
Today was interesting, confidence was gone and felt much different then i have last 4 weeks.....something i took note of.

Nape_BOWS

2014-01-13 17:27:16

Ahh!

SCTY Trade on Jan 13, 2014 10:06 from markmandy54_BOWS: Tradervue User Stock Trades.

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