RADA Trade on Sep 29, 2014 13:37 from jmos_BOWS: Tradervue User Stock Trades.

Play: Bear flag

It broke down, seemed to be a dead as every bounce was getting sold off. Got it too late though. I waited for it to bear flag on the VWAP, thinking it would go once it broke that support. It started going but just bounced and got out as there wasn't much movement or panic so kept a tight stop on it.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-09-29 13:37:11	RADA	sell	$3.530	short
2014-09-29 13:50:36	RADA	buy	$3.600	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RADA&trade=1357056&end=20141029&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RADA&trade=1357056&end=20140929160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RADA&trade=1357056&end=20140929141636&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Markmandy54

2014-09-30 16:58:26

Was P/B to support on lower volume around the 3.50 area which is indicitive of a bounce place as shorts cover there and the longs take the quick rip.

jmos_BOWS

2014-09-30 17:20:08

You are right and previous break out spot as well which is going to test naturally if it doesn't go right away. It was a dumb trade.

RADA Trade on Sep 29, 2014 13:37 from jmos_BOWS: Tradervue User Stock Trades.

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