EXPE Trade on Feb 7, 2014 09:38 from Markmandy54: Tradervue User Stock Trades.

Great gapper. Stop -.50, Target +.50, +1, +1.50, took 1/2 off +.55 and moved stop to B/E area and got hit on rest.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-07 09:38:22	EXPE	buy	$74.150	long
2014-02-07 09:38:23	EXPE	buy	$74.150	long
2014-02-07 09:41:16	EXPE	sell	$74.700	long
2014-02-07 09:45:09	EXPE	sell	$74.280	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=EXPE&trade=833775&end=20140207104309&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=EXPE&trade=833775&end=20140207121009&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=EXPE&trade=833775&end=20140207160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=EXPE&trade=833775&end=20140309&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

bbman

2014-02-07 23:44:10

Super!

jmoscate_BOWS

2014-02-08 14:45:36

Nice trade. I don't mind getting stopped out on those ORB's as they can reverse quickly.

ckz8780

2014-02-09 15:24:39

Question: how is your stop -$0.50 when the nearest support is $1.10 away? Where is the probability in that? Just something to consider. The action you saw (quick pop and fade) is the exact reason I didn't take this trade. You have all day to get into these things. I'd rather wait til it is in a $0.20 range and hit it with 1k shares and let it run for 2 bucks later in the afternoon!

jmoscate_BOWS

2014-02-09 15:31:49

@ckz8780 When you say that you would wait till it trades in a 20cent range, do you mean a 20cent range from the previous support or it trades in a 20cent range for a certain amount of time? thanks!

ckz8780

2014-02-09 15:52:53

Well if you look at the 5 min chart when Mark entered, the range of that first candle was like 2 bucks! I wanna see candles for an extended period of time that are tapping highs and only have a range of like 10-20 cents, so I know I have super tight risk. That's when you can really hammer it. My ATHN trade from the other day was a good example. Even on a $165 stock the candles when I entered were only like a buck or less, so I could hit it bigger. On some stocks this will allow you to take a huge position and end up with like 10:1 r/r.

Markmandy54

2014-02-09 16:39:27

I've found on these plays to use a tight stop as in my experience they go quick if they're ready. Therefore my stop was the mid point of the candle that brought it back up over 74. These ORB's off of a catalyst have been flying lately.

EXPE Trade on Feb 7, 2014 09:38 from Markmandy54: Tradervue User Stock Trades.

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