BABA Trade on Nov 20, 2014 12:02 from pstark89: Tradervue User Stock Trades.

I would really like to ask for help on this trade. I thought I had a great set up. The shares broke below the 9 ema. It tested it again and failed, so I shorted the stock. The next two candles were straight up and I stopped out once the candle broke above the 9 ema again.

Looking at the whole day after that, I covered just about the high. Was I wrong with my initial analysis for the short or did I just get in the middle of a short blip up? I'm trying to figure out where my losses are coming from and any input would be much appreciated!!!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-11-20 12:02:49	BABA	sell	$111.150	short
2014-11-20 12:10:59	BABA	buy	$111.480	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BABA&trade=1578376&end=20141220&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BABA&trade=1578376&end=20141120143559&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-11-20 16:48:04

http://screencast.com/t/0aToHUeRH

pstark89

2014-11-21 07:08:49

Thanks so much Nape. That was exactly what I needed to see. Not sure how I missed that. I think I have tunnel vision very often when I'm looking for a specific set up and miss the overall picture.

Nape_BOWS

2014-11-21 08:41:26

No problem.

BABA Trade on Nov 20, 2014 12:02 from pstark89: Tradervue User Stock Trades.

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