Shared by
silverholden
Saw a tweet about bad news hitting this stock, so I pulled up the chart right as it was flagging from the first drop. Shorted immediately with a stop at the top of the previous two candles. I was in pretty small size for the .60 risk I had, should have probably gone in double that (easy to say in hindsight). Next thing I knew it plunged off a cliff. I covered half at a pause, and it then occurred to me I should be looking for add points. Next pause I added more, and then covered some at the next major resistance. Trailed my stop the whole way, and this caught it on the bounce. Very happy with this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-09-29 12:13:59 | TXTR | sell | $27.040 | short |
| 2014-09-29 12:24:37 | TXTR | buy | $25.780 | short |
| 2014-09-29 12:42:19 | TXTR | sell | $24.500 | short |
| 2014-09-29 12:44:01 | TXTR | buy | $24.050 | short |
| 2014-09-29 12:48:51 | TXTR | buy | $24.580 | 0 |
Comments
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Nice! When news hits a stock, it can flush/spike for quite some time