ILMN Trade on Jan 28, 2014 13:14 from EL_BOWS: Tradervue User Stock Trades.

This is a perfect example of how to lose hundreds of dollars on a range bound stock.

First buy on ftbo. Stopped out as it crossed both MAs.

Second buy as it approached the ftbo area again with the MAs riding up underneath. Stopped out as it crossed over the MAs.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-28 13:14:13	ILMN	buy	$144.280	long
2014-01-28 13:24:25	ILMN	sell	$143.900	0
2014-01-28 14:35:18	ILMN	buy	$144.250	long
2014-01-28 15:00:42	ILMN	sell	$143.990	long
2014-01-28 15:01:02	ILMN	sell	$144.090	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ILMN&trade=822922&end=20140227&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ILMN&trade=822922&end=20140128160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ILMN&trade=822922&end=20140128160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

BlacktieTrader

2014-01-28 18:35:56

What you mean by ftbo? This one too got me today, even when looking at it told myself to wait for the confirmation and enter once the 144.50 got established and made a base, but couldn't, had to buy in anticipation, and too stopped out.

EL_BOWS

2014-01-28 18:39:33

ftbo = flat top break out

ILMN Trade on Jan 28, 2014 13:14 from EL_BOWS: Tradervue User Stock Trades.

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