WUBA Trade on Mar 19, 2014 09:36 from Markmandy54: Tradervue User Stock Trades.

30 min flag. Long with stop -2, Target +5, +7 for swing. China news re: fraud in china names so waited for bounce to get out. Still like this setup off daily 20MA P/B but not with news out. Will revisit later.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-19 09:36:00	WUBA	buy	$50.250	long
2014-03-19 11:07:16	WUBA	sell	$49.670	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WUBA&trade=901620&end=20140319113716&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WUBA&trade=901620&end=20140319130716&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WUBA&trade=901620&end=20140319160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=WUBA&trade=901620&end=20140418&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Blake_BOWS

2014-03-19 12:25:00

I think that maybe you got burned because you took that position in the first 10 min of trading. I don't like taking what could easily be a swing position if the breakout happens in the first 10 min. But that's just my experience, take it with a grain of salt :)

Markmandy54

2014-03-19 12:29:50

Agreed. That 30 min looked so good to me though that it warranted the risk, however i still didn't trade it correctly and could have all been avoided if traded like your advice says.

WUBA Trade on Mar 19, 2014 09:36 from Markmandy54: Tradervue User Stock Trades.

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