SHLD Trade on Jan 16, 2014 13:39 from LPeriman_BOWS: Tradervue User Stock Trades.

SHLD had a pretty big run up and pulled back about 75% of last run in an orderly fashion. When I saw the price start moving back in the direction of momentum, I got in with a .25 stop under the 20 ema. The stock IMMEDIATELY flushed just past my stop. Hindsight makes it obvious that it was extended, but then many stocks that are more extended just keep on moving?

BOWS Question: Should I have stayed out of this play because it was extended?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-16 13:39:47	SHLD	buy	$38.660	long
2014-01-16 13:39:50	SHLD	buy	$38.660	long
2014-01-16 13:40:42	SHLD	sell	$38.370	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SHLD&trade=791659&end=20140215&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SHLD&trade=791659&end=20140116160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Sayed

2014-01-16 19:49:54

This was a tricky play. Intraday looked promising, just couldn't pull a follow through. I would have left it alone just by looking at the daily chart.

SHLD Trade on Jan 16, 2014 13:39 from LPeriman_BOWS: Tradervue User Stock Trades.

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