ISIS Trade on Dec 11, 2014 09:47 from youngcb1_BOWS: Tradervue User Stock Trades.

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youngcb1_BOWS

 

Entered during the pullback setup. Entered a long position with a mental stop at $63.70. Stock spiked and formed a flat top. I exited half of my shares at that point. The stocked spiked up again but I didn't want to exit because based on previous charts this stock was in momentum to continue to push upwards. The stock began to pullback and I didn't have the patience to wait for another spike up so I exited the rest of my shares.

Next step as I continue to improve on my setups and entries is to develop the patience to ride the winners and even add more shares during the pullbacks.


Execution detail:

Date/time Symbol Side Price Position
2014-12-11 09:47:54 ISIS buy $63.880 long
2014-12-11 09:51:23 ISIS sell $64.210 long
2014-12-11 09:55:24 ISIS sell $64.490 0

Comments

Gravatar Nape_BOWS
December 11, 2014

Nice play.

Gravatar Nape_BOWS
December 12, 2014

One more thing about this trade. It is so extended on daily, you have to be cautious about buying that high.

Gravatar youngcb1_BOWS
December 12, 2014

Your right about it being extended @Nape_BOWS. But fortunately I stuck to my rules and had a stop at 20 cents from entry. So worst case it would've been a small loss.

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