FTNT Trade on Jan 24, 2014 10:23 from MartinB_BOWS: Tradervue User Stock Trades.

In retrospect this looks like a bad trade.

My thinking on this one was to go long on bar 11 (on 5 min chart) @$22.15 with a stop right below VWAP @$22.07 (15 cent risk) as it opened higher that previous bar high @22.14 - it came back and closed at 22.15 again. I got stopped out immediately on the following bar right below the VWAP. Not sure what i could have done differently as the two consecutive bars prior to my trigger showed some consolidation above VWAP.

I would appreciate your feedback on this one. Thanks.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-24 10:23:05	FTNT	buy	$22.150	long
2014-01-24 10:23:05	FTNT	buy	$22.150	long
2014-01-24 10:23:05	FTNT	buy	$22.150	long
2014-01-24 10:23:05	FTNT	buy	$22.150	long
2014-01-24 10:23:05	FTNT	buy	$22.150	long
2014-01-24 10:23:05	FTNT	buy	$22.150	long
2014-01-24 10:23:09	FTNT	buy	$22.150	long
2014-01-24 10:23:09	FTNT	buy	$22.150	long
2014-01-24 10:23:09	FTNT	buy	$22.150	long
2014-01-24 10:30:10	FTNT	sell	$22.035	long
2014-01-24 10:30:11	FTNT	sell	$22.040	long
2014-01-24 10:30:11	FTNT	sell	$22.035	long
2014-01-24 10:30:11	FTNT	sell	$22.039	long
2014-01-24 10:30:12	FTNT	sell	$22.035	long
2014-01-24 10:30:13	FTNT	sell	$22.040	long
2014-01-24 10:30:13	FTNT	sell	$22.040	long
2014-01-24 10:30:13	FTNT	sell	$22.035	long
2014-01-24 10:30:17	FTNT	sell	$22.040	long
2014-01-24 10:30:17	FTNT	sell	$22.040	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FTNT&trade=815425&end=20140223&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FTNT&trade=815425&end=20140124125517&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FTNT&trade=815425&end=20140124160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=FTNT&trade=815425&end=20140124105817&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-01-24 17:25:12

No setup on entry. You needed to catch the pullback play to the EMA. Stock was already up 3 candles in a row, then went sideways for 5min which is 1 candle; then you bought near HOD approaching resistance.

Sayed

2014-01-25 11:30:00

Broader market down hard so break out plays becomes suspect at open. Most likely they will fade under Market pressure.Your stop was fine but the real mistake was not shorting this on that double top flag break down http://prntscr.com/2mgc90

FTNT Trade on Jan 24, 2014 10:23 from MartinB_BOWS: Tradervue User Stock Trades.

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