VIPS Trade on May 12, 2014 09:43 from Markmandy54: Tradervue User Stock Trades.

Was gapping into the chop and falling MA's. Started to roll over. Stop -1.50, Target +2, +4. Thought i was shorting confirmation but it was the low. Had thought of switching to long but didnt.
LESSON: IF BREAKS OUT MINI BASE, PLAY IT REGARDLESS IF I JUST GOT STOPPED!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-12 09:43:25	VIPS	sell	$139.150	short
2014-05-12 10:08:35	VIPS	buy	$140.820	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=VIPS&trade=990125&end=20140512110035&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=VIPS&trade=990125&end=20140512122835&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=VIPS&trade=990125&end=20140512160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=VIPS&trade=990125&end=20140611&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmos_BOWS

2014-05-13 13:13:09

Stop was at the right place so good management.

chanel

2014-05-14 21:07:56

Good rule of thumb on gappers is to aim for the general direction of the trade. If it gaps up, then it usually continues up by forming a bull flag. Same principle applies for bearish gappers.

Markmandy54

2014-05-14 21:47:06

I found that was true for the first 3 months of this year, but in April when the correction started i noticed most gap up's would fade and presented great short opportunities. This definitely wasn't one of them, lol.

VIPS Trade on May 12, 2014 09:43 from Markmandy54: Tradervue User Stock Trades.

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