SPG Trade on Mar 8, 2012 13:50 from thearmotrader: Tradervue User Stock Trades.

Saw some of the REITs hit LOD so shorted this on the 136 level lower high.
However, as you can see, it set an earlier higher low around 1PM.
It just couldnt rollover or hold below 136, so flattened up.

Sharing this trade b/c look at what happened after I got flat. 2+ point ripper.
Important to know when to not fight a stock, even though sector might be weak.

Execution detail:

Date/time	Symbol	Side	Price	Position
2012-03-08 13:50:51	SPG	sell	$136.040	short
2012-03-08 14:02:13	SPG	buy	$136.050	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SPG&trade=139741&end=20120308142813&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SPG&trade=139741&end=20120308160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SPG&trade=139741&end=20120308160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SPG&trade=139741&end=20120407&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

gregr

2012-03-11 18:20:34

Great illustration of how one should trade what you see in the price action, not what you think should happen. Nice job!

SPG Trade on Mar 8, 2012 13:50 from thearmotrader: Tradervue User Stock Trades.

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