Shared by
iStryker_BOWS
Stock was bear flagging. Market was unable to break its flag trendline so I thought I was good to short this. The stock and market both did a fake out then dropped.
Took to large of a position, tend to do that when I"m border on my daily max lost
Short 200 @ 45.65 Short another 200 @ 45.7. Stop 46.00. Target 45.00. Reward:Risk 3:1.
Covered this stock @ 45.81 as it broke its trendline line, so did market. I was also at my max stop lost. If i covered at this price then I would be able to make another trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-04-17 11:16:00 | TWTR | sell | $45.650 | short |
| 2014-04-17 11:17:38 | TWTR | sell | $45.700 | short |
| 2014-04-17 11:26:33 | TWTR | buy | $45.810 | 0 |
Comments
mattytrump2_BOWS
awww that sucks man, you had it. Was a choppy ass week for sure.
kunal00
yeah man just needed a couple taps! if u short something after 3 red candles do a half as there is a good shot its gonna bounce if it hits support
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Too bad you did not honor your stop loss which was set up perfectly. But easier said then done when you have that "it's not working" feeling, I know it too well.