MYGN Trade on Feb 18, 2014 13:47 from mirko_BOWS: Tradervue User Stock Trades.

Flag breakout on the daily and nice day long consolidation.

I went into the trade probably on a flag breaout a bit too early got shaken out (my stop loss was recent low) of it just before it made a nice run to the HOD as I was expecting.

All in all, I believe I was in the right stock and had the right idea?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-18 13:47:14	MYGN	buy	$34.680	long
2014-02-18 13:47:14	MYGN	buy	$34.680	long
2014-02-18 13:54:40	MYGN	sell	$34.380	long
2014-02-18 13:54:40	MYGN	sell	$34.380	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MYGN&trade=845964&end=20140320&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MYGN&trade=845964&end=20140218160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-02-18 17:15:05

Yes you were in the right stock with the right idea. From what I can see it was stuck in that $34 range until about 2:50pm.

mirko_BOWS

2014-02-18 17:21:59

Thanks Nape!

After the trade review, first I thought that I went in too early, although it did not seem that way to me at the time.

Then I thought that perhaps my stop loss was too tight, but then again, it was on the recent low and next support level was way too far so the risk/reward would not be that good.

Sayed

2014-02-18 19:38:07

U git the ideal entry on the second trade. No need to give up.

Sayed

2014-02-18 19:40:16

Sorry , I confused u with Mick! Idea was good just did not go. it did give another entry though http://prntscr.com/2tsa9o

mirko_BOWS

2014-02-19 04:48:51

@Sayed:
No need to apologize, thank you for your time and effort you put into reviewing the trades. It's much appreciated!

MYGN Trade on Feb 18, 2014 13:47 from mirko_BOWS: Tradervue User Stock Trades.

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