Shared by
Kelly-Ann_BOWS
chart kept stalling as it was going down so got scared out.
wondering how to avoid the backing out due to a stalling chart? (one where there isn't constant price ticks going up and down every few seconds)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-08-22 09:50:18 | DYN | sell | $33.040 | short |
| 2014-08-22 09:56:29 | DYN | buy | $33.210 | 0 |
| 2014-08-22 10:02:01 | DYN | sell | $33.120 | short |
| 2014-08-22 10:12:31 | DYN | sell | $32.830 | short |
| 2014-08-22 10:13:09 | DYN | buy | $32.770 | 0 |
Comments
Nape_BOWS
When it pullback creating a lower high followed by a lower low, that is when you want to short it which you did on the second entry. Only thing left to do now is let the trade develop. Use your ema's as a guide and ride the stock down.
kunal00
not sure what u mean by stalling chart
but there is no point onn this chart or even wtaching the stock all day where it didnt act like a short
what a stock does for 10 seconds here or there or for a few pennies doesnt matter.. this stock had a 5 dollr range
your job is to capture 1-4 dollars of it.
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First entry was overextended. You covered into the bounce that was just a pause where the downtrend was still live. I would have given it more room on that first cover but the entry was a little late. The second entry was good but the addition was a little overextended. Might have waited to see if there was a short pause before adding.