MAT Trade on Apr 24, 2015 14:03 from Driver42_BOWS: Tradervue User Stock Trades.

Shorted this on a 123 setup, after price retraced under the daily 200ma and having broken and retested the 5min 20ma.
Did not expect too much from this as it had gapped up a long way on earnings over night.
Price blew down through the 5min 50ma and I covered half at the vwap.
Stopped out on rest just above the 9ema.
Should have got out of the last half sooner.
I gave too much back

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-04-24 14:03:17	MAT	sell	$30.240	short
2015-04-24 14:25:47	MAT	buy	$30.100	short
2015-04-24 14:49:41	MAT	buy	$30.180	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MAT&trade=2443630&end=20150524&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MAT&trade=2443630&end=20150424160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MAT&trade=2443630&end=20150424160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2015-04-25 19:57:34

Well, in hindsight you should have gotten out last half sooner. But what would have been your reason? Just want the money? :) I think you played this one nicely and many of these, if played the same way, will make bigger profits. What do you think?

Driver42_BOWS

2015-04-26 17:17:22

Very true.
I wasn't expecting too much and thought that an all in all out trade would have been more profitable.
It was on my watchlist for the long side, but this presented itself for a quickie

MAT Trade on Apr 24, 2015 14:03 from Driver42_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax