QID Trade on Jan 27, 2014 10:35 from EL_BOWS: Tradervue User Stock Trades.

Again, chasing over-extended stocks on break of 3-candle flag. Immediate drop and stop out.

QUESTION: How do you know when something's really over-extended versus just a flat out runner? Often I'll pass on these plays only to regret it because they just run!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-27 10:35:57	QID	buy	$62.690	long
2014-01-27 10:44:08	QID	sell	$62.260	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=QID&trade=818218&end=20140226&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=QID&trade=818218&end=20140127131408&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=QID&trade=818218&end=20140127160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Sayed

2014-01-27 18:56:28

This is 3X NASDAQ ETF. Why would u chase it when market gapped up in the morning!

EL_BOWS

2014-01-27 19:03:17

At the time, I didn't know it was an ETF.

QID Trade on Jan 27, 2014 10:35 from EL_BOWS: Tradervue User Stock Trades.

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