RAX Trade on May 13, 2014 09:54 from Markmandy54: Tradervue User Stock Trades.

Gapper that faded. Stop -.35, Target +.70, +1.25, +2. Took off partial +.50 as flushed, looked to add back to full position on 2nd bear flag but didn't, missed my limit fill by pennies and moved stop up and got hit on rest.

LESSON: NEEDED TO TAKE ON MORE RISK AS TIGHT STOP, AND NEEDED TO STAY THE COURSE TO SWING ON FINAL FOR +2.25

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-13 09:54:31	RAX	sell	$30.710	short
2014-05-13 10:04:01	RAX	buy	$30.200	short
2014-05-13 11:09:26	RAX	buy	$30.250	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RAX&trade=999680&end=20140513114526&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RAX&trade=999680&end=20140513131426&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RAX&trade=999680&end=20140513160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=RAX&trade=999680&end=20140612&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmos_BOWS

2014-05-15 08:07:31

Great entry and first sell! Not sure why you didn't take some more off around 29.7 and then bring down your stop loss to where you did?

Markmandy54

2014-05-15 08:12:55

I had a limit set and missed the fill by pennies, and had my stop set when i left for work.

jmos_BOWS

2014-05-15 08:14:27

oh aright. Make sense. Still a good trade overall and well managed!

Markmandy54

2014-05-15 08:16:54

Was a little pissed when i realized the MM bounced it before my order hit.

jmos_BOWS

2014-05-15 08:19:12

for sure. I like to watch the stock and see how it reacts close to my target and just buy at market bc i have missed a sell for a few pennies and it drives me insane.

RAX Trade on May 13, 2014 09:54 from Markmandy54: Tradervue User Stock Trades.

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