AMRS Trade on Apr 3, 2014 10:06 from johnc_BOWS: Tradervue User Stock Trades.

Another callout from the Bulls Room. This wasn't a clean flag. I probably wouldn't have played this if I didn't take the callout, but it was educational and not necessarily an impulse trade because it taught me something vital about what kinds of flags I'm willing to play. Either way, this is a Type 4 trade because it didn't fit my plan.

Reason for the trade:
Alex Lee called it out on the Bulls Room. I couldn't draw a clean trendline, but I went long when I saw that it was holding above the VWAP.

Mistakes:
-Clean trendline can't be drawn.
-Nice gap up from previous day and great MOMO bar, but daily chart indicates that it is a pop-and-fader. Would have been different if gapped up towards all-time highs OR if the daily chart was neater

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-04-03 10:06:23	AMRS	buy	$4.750	long
2014-04-03 10:27:26	AMRS	sell	$4.660	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMRS&trade=927723&end=20140503&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMRS&trade=927723&end=20140403125226&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AMRS&trade=927723&end=20140403160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AMRS&trade=927723&end=20140831&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Markmandy54

2014-05-10 13:14:38

Looked good. Good stop.

AMRS Trade on Apr 3, 2014 10:06 from johnc_BOWS: Tradervue User Stock Trades.

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