TSLA Trade on May 1, 2014 09:52 from Markmandy54: Tradervue User Stock Trades.

Long off the P/B flag. Stop -.60, Target +2, +4. In review my stop was way too tight and didn't allow room to wiggle as it P/B to the 20 MA where it bounced.

LESSON: GOOD THESIS, POOR STOP ON 20ema!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-01 09:52:47	TSLA	buy	$208.150	long
2014-05-01 09:53:48	TSLA	sell	$207.580	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=975349&end=20140501105348&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=975349&end=20140501122348&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=975349&end=20140501160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=975349&end=20140531&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmos_BOWS

2014-05-03 15:56:28

Like you said, tight stop. The candles before moved $2 so I would have at least $1.50 from entry to make sure you don't get stopped out IMO.

Markmandy54

2014-05-03 15:57:51

Ya, also this thing is notorious of a little shake n bake before moving. In review my sell place should have been my buy price.

jmos_BOWS

2014-05-03 16:04:45

Why do you think that? You had the right idea, I think your stop should have been 206.50. If it reached that level, then your thesis would have been wrong and that is part of the game IMO.

Markmandy54

2014-05-03 17:00:45

The last 3 or 4 times i've traded a B/O or a B/D pattern, TSLA has reversed and ripped the other way.
I do agree with your stop though, i shot myself using such a tight stop.

TSLA Trade on May 1, 2014 09:52 from Markmandy54: Tradervue User Stock Trades.

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