KNDI Trade on Feb 24, 2014 10:33 from charlesk_BOWS: Tradervue User Stock Trades.

thought my stop was set appropriately based on the previous candles...
should have re-entered, but I walked away after this loss for a breather.

if you comment here please advise on where my stop should have been.
Thanks

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-24 10:33:00	KNDI	buy	$14.258	long
2014-02-24 10:43:00	KNDI	sell	$14.060	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=KNDI&trade=855084&end=20140326&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=KNDI&trade=855084&end=20140224130800&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=KNDI&trade=855084&end=20140224160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=KNDI&trade=855084&end=20140224113900&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-02-24 17:30:24

Round numbers are great support/resistance levels, so i would have put the stop right under $14.

charlesk_BOWS

2014-02-24 18:08:16

Thanks, that is actually what Sayed had said in chat, I think I entered higher than them, but someone had asked him if stop should be 14.10 now? meaning it was already up for them. I had already set mine at 14.08, based on my entry so thought it was good.

Sayed said - I don't want to micromanage this as long as it stays over 14 its good.

I was in from a different position and had size based on my stop for max loss so I figured I was already in and should keep it. I guess I could have sold some to loosen the stop...
or maybe I should have never thought of 14.08 as a stop even at my entry because 14 was so close? and just take a lower size for where the harder stop was located.

I still thought I had good price support.

Sayed

2014-02-24 19:01:23

Entry was fine . Like i said," no micromanage"!

KNDI Trade on Feb 24, 2014 10:33 from charlesk_BOWS: Tradervue User Stock Trades.

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