GURE Trade on Jan 30, 2015 15:26 from ivanka_BOWS: Tradervue User Stock Trades.

Shorted at the EOD because it got over extended in the morning and never showed strength later in the day

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-01-30 15:26:09	GURE	sell	$1.987	short
2015-01-30 15:26:09	GURE	sell	$1.990	short
2015-01-30 15:34:48	GURE	buy	$1.860	short
2015-01-30 15:34:48	GURE	buy	$1.860	short
2015-01-30 15:38:18	GURE	buy	$1.820	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GURE&trade=1911650&end=20150301&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GURE&trade=1911650&end=20150130160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GURE&trade=1911650&end=20150130160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GURE&trade=1911650&end=20150130160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

beactive

2015-01-30 18:18:19

nice short entry

tombro

2015-01-31 04:42:30

I find it interesting, that your explanation, in and of itself isn't really a reason to enter...you didn't trade the over-extendedness, and the lack of strength later in the day, at face value means it didn't go up (and could've just road the $2 price level out for the rest of the day). I'm saying this mainly to ask, was it something else that got you into the trade? Was it the .08-.10 cent drop under the $2 level on the 3 minute,closing at it's low, on volume? Was it the bigger red bars on the 5 minute since the 1st test of $2 on the 1:45, accompanied by the bar you entered on convincingly breaking $2? Was it the breaking of the 1:55pm low for a flat top breakdown?
Just asking and trying to get better myself and was interested in your thought process.

ivanka_BOWS

2015-02-02 12:05:05

Hey Tom, great questions - I wish I had a good answer though but as you know in trading everything is probability.
I was waiting for the crack under $2, because I do think after stock ran 100% up from previous day's close, it was in some form or shape over-extended. I actually tried to short it a few times earlier that day, but it did not work out. It was EOD on Friday, the stock was holding around the $2, tried to break $2.2 area a few times, but pulled back, so at the end it could have stayed flat as you said, or be shorted which I anticipated and got into the break below $2, EOD sell offs, end of week sell offs, big volume on the 3 and 5 minute charts. I did not explained my trade in too much details, but that is pretty much my thinking...

GURE Trade on Jan 30, 2015 15:26 from ivanka_BOWS: Tradervue User Stock Trades.

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