WDC Trade on Apr 16, 2019 12:44 from brokenwingz: Tradervue User Stock Trades.

Make Money/Preserve Capital

Western Digital had a nice run up during the day, and I was successful on an earlier long trade. WDC started resisting against $54.53. I watched the price bounce off it and retrace twice, and knew it was going to either break through or bounce down once again – and based on past symmetry, I expected it to bounce down and give me a shorting opportunity.

I placed a sell order for $54.53, with a $0.03 stop bracket, knowing it was either going to break down or break the strong resistance at $54.53 immediately. I was betting on the break down!

This could have been a 8× risk reward on this trade – but covered at approximately 3 × the risk due to some minor volatility, and chickening out.