NUGT Trade on May 27, 2016 10:48 from robw_BOWS: Tradervue User Stock Trades.

Sim Day 13

My bias going into today was to expect $NUGT to continue its downtrend. It opened with a gap down and then pulled back and started to consolidate along the 9ema. It finally broke through support, and I waited until it pulled back to get my entry. Based on the 15 minute chart, I was expecting it to retrace at around 70.75. It continued a bit lower, but I could see selling pressure diminishing, so I figured it was a good time to get out with some profit locked-in.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-05-27 10:48:45	NUGT	sell	$73.630	short
2016-05-27 11:09:19	NUGT	buy	$70.610	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NUGT&trade=4617979&end=20160527160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NUGT&trade=4617979&end=20160527133419&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2016-05-27 13:08:58

On the plus side.. your exit was great. I wouldn't have sold out all the position there, but I wouldn't have made as much money on this one either. HAHA... Nice job. But the entry... I read your comments and think I get it... but really you have to get great entries so when it doesn't work it doesn't hurt. http://screencast.com/t/mqxfttrPG

robw_BOWS

2016-05-27 13:56:46

Thanks Lawrence! You're right. I need to manage my entries better.

NUGT Trade on May 27, 2016 10:48 from robw_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax