ACT Trade on Apr 22, 2014 10:27 from Markmandy54: Tradervue User Stock Trades.

Broke out of channel, missed run up and waited for P/B to 9EMA. Long with stop under 9EMA. Saw huge size buying so pulled stop to "allow wiggle room" (BROKE MY RULE, IF PLAY IS P/B TO 9EMA, STOP MUST BE UNDER). Rationalized to add at 50ma with a stop under at 204.60. Sent my stop to market even though it didn't hit but regardless i shouldng have traded this way.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-04-22 10:27:11	ACT	buy	$209.050	long
2014-04-22 11:04:02	ACT	buy	$205.200	long
2014-04-22 11:25:24	ACT	sell	$204.620	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ACT&trade=962475&end=20140422120524&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ACT&trade=962475&end=20140422133524&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ACT&trade=962475&end=20140422160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ACT&trade=962475&end=20140522&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmos_BOWS

2014-04-23 13:52:50

At least you know what you did wrong! It is better to get stopped out and wait for another entry than to ride something all the way down.

Markmandy54

2014-04-23 14:06:44

Agreed, but knowledge isn't power, it's how you apply it and i totally rationalized breaking my non negotiable rule. And lost a finger in the process.

ACT Trade on Apr 22, 2014 10:27 from Markmandy54: Tradervue User Stock Trades.

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