WFM Trade on May 7, 2014 09:50 from jmos_BOWS: Tradervue User Stock Trades.

Play:ORB/Bear flag

Gapped down, missed the original ORB but it flagged for a bit. It also couldn't break above the VWAP. Got in and waited for target. Next target was 38, and when I saw it couldn't break it, I covered which was a huge mistake. I just looked at the ticks and not the chart. It seemed as it was bouncing but it had never ran back to buy price so I should have waited as it still looked weak. Let a $1 on the table. Very frustrating but a positive lesson. I need to look at the chart and not the ticks!
It comes back to patience!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-07 09:50:04	WFM	sell	$38.500	short
2014-05-07 09:53:49	WFM	buy	$38.200	short
2014-05-07 09:55:53	WFM	buy	$38.080	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WFM&trade=981665&end=20140606&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WFM&trade=981665&end=20140507122553&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WFM&trade=981665&end=20140507102353&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Markmandy54

2014-05-10 12:12:10

Great entry, micromanaged

WFM Trade on May 7, 2014 09:50 from jmos_BOWS: Tradervue User Stock Trades.

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