Shared by
handycandi_BOWS
Shorted when VWAP, 9SMA, and 20SMA all converged on intraday chart, and stock dropped past. Covered when it slowed down - should have covered half and let it ride. I am antsy about shorts because ThinkorSwim hardly lets me short anything, so I didn't know when I'd next have a chance to short, and got greedy about sealing in the tiny profit I had.
Got in again when I saw it was dropping so far, at the top of a sideways-leaning W-shaped pattern on 1-min chart, when it dropped past the point where it should have gone up if it was going to. Decided to let it ride this time. Decided I had looked at W wrong - it was bouncing down off 9SMA. Covered when it rose above 9SMA. This was an emotional trade - I wished I stayed in the first time.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-13 10:18:07 | CSX | sell | $33.610 | short |
| 2014-10-13 10:19:30 | CSX | buy | $33.500 | 0 |
| 2014-10-13 10:28:10 | CSX | sell | $32.980 | short |
| 2014-10-13 10:33:12 | CSX | buy | $33.030 | 0 |
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