CLF Trade on Oct 28, 2014 13:47 from jmos_BOWS: Tradervue User Stock Trades.

Play: flag breakdown

It was pretty extended intraday, could not get above 11.10 as it was big resistance. Got in when broke support and flushed to the 20sma which was my mistake. Bad trade overall because it is an earnings play (don't short earnings play which are strong), breakdown of the 20ema for a flush as the next support is VWAP. I got in on the break of the 9ema which meant 20ema was right under it which it did bounce off.

When I saw that it bounced right back from the 20ema, i wanted to get out but didn't put the proper amount of shares so had some left overs which I had to get rid of.

Reasons to sell:bad entry, wrong play, strong stock, too much support to flush

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-10-28 13:47:10	CLF	sell	$10.910	short
2014-10-28 13:52:28	CLF	buy	$10.920	short
2014-10-28 13:53:20	CLF	buy	$10.980	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CLF&trade=1531164&end=20141127&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CLF&trade=1531164&end=20141028160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CLF&trade=1531164&end=20141028142120&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2014-10-31 22:22:40

It was not extended intraday it'd been coiling sideways for three hours

jmos_BOWS

2014-11-03 08:05:23

Thanks Kunal!

CLF Trade on Oct 28, 2014 13:47 from jmos_BOWS: Tradervue User Stock Trades.

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