Shared by
firesky_BOWS
SHORT SWING POSITION: Descending triangle formation with decreasing buying/selling ratio days. Stop placed at $5.46 with targets of $5.11, $5.01 and $4.93. Corresponding R/Rs are 2.2, 3.1, and 3.8 respectively. First target was hit later in the day and profits were taken.
10/9/2014: Took profits at second target.
10/15/2014: Hit my last target. Took profits. The rest is bonus. Moving stop to $5.25.
11/21/2014: Finally hit my adjusted stop of $4.91. All out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-06 09:00:00 | LUB | sell | $5.350 | short |
| 2014-10-06 12:31:00 | LUB | buy | $5.110 | short |
| 2014-10-09 14:51:00 | LUB | buy | $5.010 | short |
| 2014-10-15 13:40:00 | LUB | buy | $4.930 | short |
| 2014-11-21 12:42:00 | LUB | buy | $4.910 | 0 |
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