Shared by
Goku_A7
This was my play today. It was so extended on the daily and a big gap up so I tried to enter right at the open without a setup intraday, rubberband on the daily. Market had also gapped up and that helps fade individual stocks. Risky trade but I had a hunch. Ended up chasing my entry but the risk ratio still seemed right. I missed the first flush by 15c so after the failed bull flag I doubled my position short. Scaled twice and didn't realize I still had my original sell at 75.50 pending so that closed me out entirely. Happy trade.
Concerns: no setup, big position.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-05-29 09:31:39 | PANW | sell | $77.110 | short |
| 2014-05-29 09:31:39 | PANW | sell | $77.110 | short |
| 2014-05-29 09:31:39 | PANW | sell | $77.110 | short |
| 2014-05-29 09:47:56 | PANW | sell | $76.900 | short |
| 2014-05-29 10:00:54 | PANW | buy | $76.090 | short |
| 2014-05-29 10:01:45 | PANW | buy | $75.640 | short |
| 2014-05-29 10:01:45 | PANW | buy | $75.640 | short |
| 2014-05-29 10:01:45 | PANW | buy | $75.640 | short |
| 2014-05-29 10:04:04 | PANW | buy | $75.500 | short |
| 2014-05-29 10:04:04 | PANW | buy | $75.500 | short |
| 2014-05-29 10:04:04 | PANW | buy | $75.500 | 0 |
Comments
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Actually there is a setup there if you where using the 1min chart (ORBD). Look like you shorted it again once it created another lower high.
Damn good play if you ask me.