Shorted an already heavily beat up stock hoping for more of a break down. Probably not the best idea considering how down it already was and likely to bounce. Tight stop right above MA's. Stopped out when it broke back over.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-20 13:02:46 | JMEI | sell | $19.895 | short |
2014-11-20 13:45:41 | JMEI | buy | $20.030 | 0 |
Watch your EMA's and the price action. This that looks like it was curling to the upside is it CMA's were flattening out. Often when that happens you'll get a quick spike and then wait for to break back under the EMA or wait for later in the day when you get it EMA sandwich on top of the stock
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
I think it's a good setup and you had really good entry. You never know if it will bounce.