SPLK Trade on Oct 31, 2014 10:36 from youngcb1_BOWS: Tradervue User Stock Trades.

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youngcb1_BOWS

 

Bear flag set up shortly after the open. Once it started to trend I entered short during a breakdown at $66.20. The stock had a quick squeeze up for a lower higher and then dropped down. I didn't take any profit because I wanted to be patient. The stock started to change trend and move upwards and passed my entry point. I originally was going to allow for a 30 cent mental stop but the stock didn't look like it was going to head back down so I stopped out.

I should've covered once it $65.60 and left a small position until it got close to my entry and I could've exited the position. Always take profits and don't allow yourself to give it back.


Execution detail:

Date/time Symbol Side Price Position
2014-10-31 10:36:59 SPLK sell $65.950 short
2014-10-31 10:47:39 SPLK buy $66.190 0


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