VJET Trade on Feb 11, 2014 10:39 from Markmandy54: Tradervue User Stock Trades.

Appeared to be flagging, stop -.20, Target +.35, +.50. Daily had no setup, should have passed. Once got felt it wasn't the right trade. Needed more time as seemed a little extended to me.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-11 10:39:29	VJET	buy	$37.000	long
2014-02-11 10:50:50	VJET	sell	$36.821	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=VJET&trade=837420&end=20140211114650&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=VJET&trade=837420&end=20140211131550&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=VJET&trade=837420&end=20140211160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=VJET&trade=837420&end=20140313&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmoscate_BOWS

2014-02-11 17:35:55

I saw the same thing but bc of the daily, i decided to pass. I have been reading a lot of posts where Kunal says if the daily is messy, it will be messy intraday. It is much easier to trade a clean chart. Good stop though. It was in the right place.

EL_BOWS

2014-02-11 23:16:56

I still do this all the time -- buy against my instincts that it's too extended. FOMO I believe is what they call it. Get the cuffs! I think your stop was a bit too tight. The previous low was at 36.82, so you might want to give it just a few pennies, especially around a round number. If the stop was at 36.79, you would've have been stopped out.

Markmandy54

2014-02-14 23:32:25

Amen JM and EL

VJET Trade on Feb 11, 2014 10:39 from Markmandy54: Tradervue User Stock Trades.

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