RPTP Trade on Feb 20, 2014 10:23 from Markmandy54: Tradervue User Stock Trades.

Missed the P/B to 9eMA but kept on radar, retested highs and looked to be breaking out. Long with stop -.20 under rising MA and higher lows. Quick roll stopped me out but set right back up and got much tighter, looked fantastic now with multiple MAs holding. Stop -.15 so went large, would not B/O and rolled over hitting max pain. Looked legit, feel was a good loss and nice tight stop.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-20 10:23:11	RPTP	buy	$17.400	long
2014-02-20 10:34:50	RPTP	sell	$17.020	0
2014-02-20 11:13:34	RPTP	buy	$17.380	long
2014-02-20 11:13:34	RPTP	buy	$17.380	long
2014-02-20 11:19:01	RPTP	sell	$17.220	long
2014-02-20 11:19:01	RPTP	sell	$17.210	long
2014-02-20 11:19:01	RPTP	sell	$17.220	long
2014-02-20 11:19:01	RPTP	sell	$17.210	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RPTP&trade=848894&end=20140220120101&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RPTP&trade=848894&end=20140220132901&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RPTP&trade=848894&end=20140220160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=RPTP&trade=848894&end=20140322&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2014-02-20 15:50:55

I think it was a good attempt. I know Kunal and others in the chatroom made a couple bucks on this one, but I thought it was a fader and since there are no shorts in CLique for this one.. I just avoided this one. Glad I did. I'd have likely lost more than you did.

bbman

2014-02-20 16:07:21

good eye, but first entry was too aggressive, price action was kind of loose. Second entry was good but the less risky one was 5 cents away at the break of .44. There is always a bigger element of luck when one gets in earlier. That said, there are advantages to anticipating an entry - you get better price, therefore more size and you also ensure entry (can't tell you the number of times, i have tried to enter a stock but was not filled because price moved too quickly or just gapped up on the breakout.)
Can't get down on yourself - can't let trades rattle you during the day.
Overall, the ideas were good.... You'll get this stock next time!

Markmandy54

2014-02-20 16:13:41

Great feedback, thanks guys!
Ya bbman, i used to wait for confirm and would chase a poor entry and if it failed would yield bigger loss. Still weighing the pro's and con's of gettin at apex or waiting for confirm. I lean toward the former as i miss way too many on confirm. Great info to sort out. Thanks again guys.

bbman

2014-02-20 16:29:52

lol... Yes, it's important to sort it out - and if you do, please let me know because I am still trying to figure things out on my end also. :)

LPeriman_BOWS

2014-02-20 16:57:24

One thing that has worked decently for me has been to anticipate with a half risk and scale in when it makes sense. Keep in mind, half risk when you are anticipating based on a great setup is still as many (or more) shares than waiting for confirmation because you are so close to the support/resistance that you are basing your decision on.

charlesk_BOWS

2014-02-20 17:03:35

so you are the one that sells low and makes those long wicks!! jk :)

neither seems a very strong setup to me.

first one you bought at resistance instead of waiting for confirmation of the break, or buying at the bottom like Brahim says.

Second one I assume the MAs were coming right up under it, but it hadn't tapped that 17.5 in almost an hour

BenRodts_BOWS

2014-02-20 17:15:37

I got killed in this one as well. ughhh!

jmoscate_BOWS

2014-02-20 19:41:17

I do not want to say anything stupid but are your MA's above this stock or under it? The reason I didn't take it is because all of the MA's were on top of the price action so I though there was too much resistance.

silverholden

2014-02-20 21:34:08

I show the MA's all below the price. It was riding the VWAP when Mark got in.

Markmandy54

2014-02-20 21:55:55

Here's what got me long originally as volume came in on B/O:
http://i.imgur.com/9yJU9Bk.png

Here is why i got in again as setup looked even sexier:
http://i.imgur.com/jzPpOsZ.png

EL_BOWS

2014-02-20 21:56:05

1st entry -- if you sized yourself accordingly, I don't think this is a bad entry (not ideal because it's still quite a way from the MAs). Probably worth a shot because it's a gapper and that's the 4th or 5th tap at the area.

2nd entry -- I like this one much more. The MAs have come up underneath it, the stock's been consolidating, making higher lows. I think this was a much better entry than the first one, and it just didn't pan out.

@jmos - I also see the MAs below the price.

RPTP Trade on Feb 20, 2014 10:23 from Markmandy54: Tradervue User Stock Trades.

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