PLUG Trade on Mar 11, 2014 11:27 from KeithL_BOWS: Tradervue User Stock Trades.

Pulled back after ORB then recovered back up above VWAP. Bought with confirmation above VWAP. Target 11.65, stop at 11.10. Ran up a lil bit, missed the peak for scale out and pulled back QUICKLY. Stopped out.
I think it was a somewhat valid setup, but poor management. I should have scaled out when it stalled at peak.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-11 11:27:13	PLUG	buy	$11.220	long
2014-03-11 11:32:54	PLUG	sell	$11.030	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PLUG&trade=885966&end=20140410&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PLUG&trade=885966&end=20140311140254&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PLUG&trade=885966&end=20140311123054&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PLUG&trade=885966&end=20140311140254&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2014-03-11 23:34:21

daily is a rubberband

manoj_BOWS

2014-03-12 13:42:37

looking at 5 min chart..I feel best entry was between 10.0 and 10.5, it formed a flag after a pullback,and I also see flat top. I also see opportunity for shorting on this one after lunch time.

KeithL_BOWS

2014-03-12 17:54:46

Yes, that would have been best entry point, but it was under all resistance (VWAP, 9EMA,20MA). I prefer to wait until it has some sort of support before i buy. I get myself into alot of trouble when i try to just anticiapte whats going to happen. I like confirmation.

TheCookieTrade

2014-03-14 05:58:32

It's risky to buy it when it is vertical on Daily, as a rule that works for me. if the stock went vertical for 3 days, I definitely don't buy it and probably looking for short. Also try to be fluid with the news there were negative comments intraday that added risk to the trade.
I covered short where you got long, It made sense to go long there but not very favorable.

PLUG Trade on Mar 11, 2014 11:27 from KeithL_BOWS: Tradervue User Stock Trades.

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