DDD Trade on Feb 5, 2014 10:12 from Markmandy54: Tradervue User Stock Trades.

Looked like forming a bull flag so upped the size (revenge trade = no good as took 2 previous losses and allowed those to effect this trade.) and took it long. I got stopped on the natural P/B to 56 because i upped my size therefore taking a loss that i shouldn't had as it never violated the rising T/L. If stuck to the course, risk -.85 for +2.5, and +3.5 (Both which were hit again reinforcing to trade the setup and size accordingly regardless of past trades). Really struggled micromanaging my 2 BIG POTENTIAL WINNERS.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-05 10:12:54	DDD	buy	$56.850	long
2014-02-05 10:12:54	DDD	buy	$56.850	long
2014-02-05 10:15:25	DDD	sell	$56.470	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=DDD&trade=829856&end=20140205111525&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=DDD&trade=829856&end=20140205124525&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=DDD&trade=829856&end=20140205160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=DDD&trade=829856&end=20140307&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

bbman

2014-02-05 11:45:15

I took the same trade and stopped myself out - the stop wasn't hit. we'll get it next time

Markmandy54

2014-02-05 15:44:17

Ya, poor management on my part as never violated support. Man what a run. This is exactly what to look for too.

Gena_BOWS

2014-02-05 22:09:29

Man, you had the right idea. Just have to decide in advance where a reasonable stop would be based on price support, and THEN decide your size based on your max pain loss. For your entry, I would have set my stop around 55.85 (basically a dollar lower). So if my max pain was $50 for example, my shares could only be 50. But for a $50 risk, you would have had a $250 reward, or 1:5 ratio

DDD Trade on Feb 5, 2014 10:12 from Markmandy54: Tradervue User Stock Trades.

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