Shared by
Markmandy54
Daily looked great for bottom bounce. Intra flagging waiting for EMA to come up. Stop -.40 under the EMA, Target +1, +2. Big shakeout got me before the run up.
LESSON: IF QUICK SHAKEOUT AND BUYERS STEP IN, WATCH FOR RE-ENTRY!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-05-01 10:07:25 | FEYE | buy | $40.800 | long |
| 2014-05-01 10:16:29 | FEYE | sell | $40.400 | 0 |
Comments
Markmandy54
Tell me about it. I am noticing though in my reviews that most have been shaking out right before the 9EMA comes up to touch....may have to look into that more.
jmos_BOWS
I don't want to be 'that guy that blames everything on algo's and stuff" but when I look at the stock move during the day, it just looks at times, it runs right through and comes right back to the break out price and then breaks out. I could be bias since I got shaken out like that but that is something I had noticed A LOT in this stock ever even on the sim and the 9ema would be a logical place for ppl to place their stops. But who knows..
It definitely is part of the game, but the key is to learn how to trade with it, i tried using mental stops but kept getting blown out when wrong and the reward didn't outweigh the risk. So now i use hard stops, sometimes get hit but if resets back up, i gotta hit it everytime.
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This stock and his long wicks. Very frustrating. You almost need 75cents for your stop loss to make sure not to get wicked out but the target at times won't match the risk. I find it hard to trade.