RENT Trade on Feb 7, 2014 10:17 from EL_BOWS: Tradervue User Stock Trades.

First entry was a chase by almost $1, but I was okay with that as this stock was breaking out on the daily above 60 and has a history of $8-10 moves, so I thought it could go another $4 or more. It didn't. Second entry was an accident. Sell on break of previous support.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-07 10:17:41	RENT	buy	$62.920	long
2014-02-07 11:20:01	RENT	buy	$63.120	long
2014-02-07 14:18:53	RENT	sell	$62.570	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RENT&trade=834222&end=20140309&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RENT&trade=834222&end=20140207160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RENT&trade=834222&end=20140207160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2014-02-08 23:26:23

aaah no matter how u rationalize it a multi dollar chase is just not worth the risk. especially on a thin stock where the volume is so low its hard to get out of it if u get in a jam and when u chase the odds of getting in a jam go higher

RENT Trade on Feb 7, 2014 10:17 from EL_BOWS: Tradervue User Stock Trades.

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