Z Trade on Apr 30, 2014 10:51 from bodogtrader: Tradervue User Stock Trades.

Flagged to the 9. I went in small. Took a $1 loss on this. Terrible risk mgt. Was way to extended to be taking this trade. Just didn't think there was any resistance above.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-04-30 10:51:50	Z	buy	$108.400	long
2014-04-30 10:59:45	Z	sell	$107.425	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=Z&trade=971053&end=20140530&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=Z&trade=971053&end=20140430132945&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Gena_BOWS

2014-04-30 21:55:56

These types of trades, if there are many red candles as this one had in the p/b, often comes all the way back to the VWAP first, instead of the 9ema. before bouncing. Also, and most importantly in my mind, the 1min chart at that time was riding UNDER the ma's, under all 3 of them (9, 20 and 50). Was pushing it downwards.

Z Trade on Apr 30, 2014 10:51 from bodogtrader: Tradervue User Stock Trades.

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