VLO Trade on Jun 25, 2014 10:07 from oly_BOWS: Tradervue User Stock Trades.

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oly_BOWS

 

short off pb from gap down, above vwap but looked good, TICK<0 and TRIN>1 though TRIN close to 1. SPY seemed to be reversing on 5m

stop: 52.24
target: 50.32

I scaled half at the first target, then more as it pushed lowre. I was too slow closing out the last bit as it reversed, should have at least hit it at .32 from the way it was behaving. I have deer-in-headlights too often on setups and on the trail.

Another option may be to just sell half on the 2nd scaleouts, I think they tend to be good spots and holding 1/4 rarely pays enough extra to be worth it.


Execution detail:

Date/time Symbol Side Price Position
2014-06-25 10:07:00 VLO sell $51.430 short
2014-06-25 12:24:30 VLO buy $50.320 short
2014-06-25 12:39:08 VLO buy $50.160 short
2014-06-25 12:57:01 VLO buy $50.520 0


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