M Trade on Dec 23, 2016 10:48 from tee: Tradervue User Stock Trades.

Idea was to short the spike into half of yesterday's bearish candle and cover towards its bottom or breakdown through it. Daily has a bearish look and retailers not doing well lately. Multiple catalysts.

One thing I'm working on is entering on anticipation of a move (buy support/short resistance) instead of entering close to confirmation. I got scared of the first opportunity on the 2nd 5m candle to be honest. I then shorted the first bounce at the Mid Pivot area of $36.63, filled at $36.61.

I saw the flush and base near previous low and knew it was a good spot to cover. Greed/motivation to make more kept me in it then it spiked to the MAs. I drew a descending trendline and used a hard stop over that line as my final clue to exit.

Not proper discipline but just enough to move on with a small green trade. Nice looking entry, weak looking exit.