SJM Trade on Aug 19, 2011 14:46 from thearmotrader: Tradervue User Stock Trades.

-Had reported earnings yesterday (under pressure-so bias was on short side)
-Called out in Bidhitter.com chat by @tencinas
-As you can see on chart, 68 was a nice level. Had stop originally at 68.11/68.12
-When it dropped that tight flag, decided I was going to take quick scalp + keep tight stop
-When it dropped below .75, had bid at .62 but for whatever reason moved it up to .66 and LUCKILY got filled for a quick scalp late on a friday trading day

Execution detail:

Date/time	Symbol	Side	Price	Position
2011-08-19 14:46:28	SJM	sell	$67.980	short
2011-08-19 14:46:29	SJM	sell	$67.981	short
2011-08-19 15:01:57	SJM	buy	$67.660	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SJM&trade=19419&end=20110819152657&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SJM&trade=19419&end=20110819160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SJM&trade=19419&end=20110819160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SJM&trade=19419&end=20110918&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

grove_under

2011-08-22 19:19:47

That was a good risk reward scalp. And nice exit, looks like you used your instincts and it worked well!

thearmotrader

2011-08-22 19:31:53

^^ @grove_under
Thanks! Ya, kinda got lucky here with the cover but thats part of the game I guess lol.

SJM Trade on Aug 19, 2011 14:46 from thearmotrader: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax