CHKP Trade on Dec 21, 2011 10:32 from thearmotrader: Tradervue User Stock Trades.

Got hit hard as the whole sector was down because of ORCL's weak earnings.
Bear flag on 5min chart.

Did not get enough size. Took the scalp as I was pretty late to the party. Should have had more size to hold down to low 51s (big support on daily).

Execution detail:

Date/time	Symbol	Side	Price	Position
2011-12-21 10:32:00	CHKP	sell	$52.000	short
2011-12-21 11:10:00	CHKP	buy	$51.500	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CHKP&trade=106446&end=20111221112700&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CHKP&trade=106446&end=20111221132500&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CHKP&trade=106446&end=20111221160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CHKP&trade=106446&end=20120120&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Makukh

2011-12-23 08:15:14

Nice exit! And what reason? In the tape appeared hidden bid?

thearmotrader

2011-12-23 08:25:35

Thanks. Mainly the trade was going to be a scalp but yes at .50, it was dropping to .47/.48/.49 but then immediately being rebid to .50 so i just took the cover. If I had more size like I said I would have s piece a little longer.

CHKP Trade on Dec 21, 2011 10:32 from thearmotrader: Tradervue User Stock Trades.

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