KCG Trade on Feb 10, 2014 11:12 from mirko_BOWS: Tradervue User Stock Trades.

Strong momentum stock early in the morning and started to consolidate afterwards nicely riding the 9EMA. I entered the trade on a mini flag believing it is coiled up for another run but no go.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-10 11:12:52	KCG	buy	$11.680	long
2014-02-10 11:13:12	KCG	buy	$11.680	long
2014-02-10 11:13:15	KCG	buy	$11.679	long
2014-02-10 11:15:25	KCG	buy	$11.650	long
2014-02-10 11:15:25	KCG	buy	$11.650	long
2014-02-10 11:15:25	KCG	buy	$11.640	long
2014-02-10 11:15:29	KCG	buy	$11.670	long
2014-02-10 11:15:30	KCG	buy	$11.670	long
2014-02-10 11:15:43	KCG	buy	$11.669	long
2014-02-10 11:15:44	KCG	buy	$11.664	long
2014-02-10 11:24:26	KCG	sell	$11.610	long
2014-02-10 11:24:26	KCG	sell	$11.610	long
2014-02-10 11:24:26	KCG	sell	$11.600	long
2014-02-10 11:24:26	KCG	sell	$11.600	long
2014-02-10 11:24:26	KCG	sell	$11.600	long
2014-02-10 11:24:26	KCG	sell	$11.600	long
2014-02-10 11:24:45	KCG	sell	$11.605	long
2014-02-10 11:24:53	KCG	sell	$11.610	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=KCG&trade=836294&end=20140312&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=KCG&trade=836294&end=20140210134953&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Gena_BOWS

2014-02-10 16:41:58

The 11.65 area was a major support/resistance area - I see why you wanted to get in there. But I guess it just didn't have enough juice to overcome it in the end. Low risk trade, good thought. Tough break.

mirko_BOWS

2014-02-10 16:44:22

Thanks Gena, appreciate your comment!

Gena_BOWS

2014-02-10 17:23:25

no problemo

EL_BOWS

2014-02-10 20:39:24

Agreed with Gena -- Running into the 200 on the daily, failed to break the 11.70 area a number of times, and had run up 5.5% in 30 minutes so it needed to chill. I still take these plays though, they always feel like "oh but it's gone so hard, it'll probably go again, and here's this nice high and tight flag." I'm not sure if they work very often. Good trade management here, great sell off.

mirko_BOWS

2014-02-11 03:47:20

Great feeback EL_BOWS, much appreciated!

KCG Trade on Feb 10, 2014 11:12 from mirko_BOWS: Tradervue User Stock Trades.

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