TRIP Trade on Apr 28, 2014 13:17 from Mike_Lucas_BOWS: Tradervue User Stock Trades.

Setup: LOD breakdown

First entry was the LOD breakdown. I didn't see any immediate support on the 30 minute or the daily chart, so I thought I was okay. Second entry I don't like. I went off it breaking back below the 9 and 20 EMA. It did drop $.35, but I didn't take profit.

With a small position it's tough to grasp that a $.35 move is pretty good. I'm trying to get in once and sell all at once with such a small size.

Is a $.35 price change good enough to take profit?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-04-28 13:17:57	TRIP	sell	$75.420	short
2014-04-28 13:50:03	TRIP	buy	$76.000	0
2014-04-28 13:58:51	TRIP	sell	$75.760	short
2014-04-28 15:14:40	TRIP	buy	$76.510	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TRIP&trade=968252&end=20140528&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TRIP&trade=968252&end=20140428153440&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TRIP&trade=968252&end=20140428160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TRIP&trade=968252&end=20140428160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-04-28 20:27:31

Looking at your entry on the 5min chart it was to extended to enter there.

When trading high dollar stocks you should try to get .50c plus gains, but you have to make sure you entries are correct.

kunal00

2014-04-28 21:59:15

the 35 cent doesnt mean anyting as u chased it down dollars and dollars.. there is no play there.. but also no breakdown there. its only 2 taps thats nothing. its not a play

this trnedline break is the short spot http://screencast.com/t/uwRIRzs4CVG9

Narrow_Gate

2014-04-28 22:43:18

Agree with others... too extended... the stock had already fallen about 5%, and while there was a bit more to the downside, it wasn't much... the encouraging thing is that your playing in the right stock, just tighten up that execution nearer to the support lines... keep at it!

Mike_Lucas_BOWS

2014-04-29 19:13:51

Thank you for the feedback, guys!

TRIP Trade on Apr 28, 2014 13:17 from Mike_Lucas_BOWS: Tradervue User Stock Trades.

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