Shared by
Camglinton_BOWS
somebody called this out in the chatroom, and I took a stab. from memory the MAs and VWAp weren't above, and I regretted taking the trade because someone else called it. when it popped I got scared and covered for small loss. missed the end of day fade... Do you know why this stock would have the characteristics of a late day fade? please comment.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-02 14:27:29 | IDRA | sell | $3.700 | short |
| 2014-12-02 14:28:12 | IDRA | sell | $3.700 | short |
| 2014-12-02 14:28:12 | IDRA | sell | $3.700 | short |
| 2014-12-02 14:28:12 | IDRA | sell | $3.700 | short |
| 2014-12-02 14:28:12 | IDRA | sell | $3.700 | short |
| 2014-12-02 14:36:57 | IDRA | buy | $3.725 | short |
| 2014-12-02 14:36:57 | IDRA | buy | $3.720 | short |
| 2014-12-02 14:37:01 | IDRA | buy | $3.721 | 0 |
Comments
Nape_BOWS
When a stock is up multiple days in a row on a parabolic move on daily chart; you should be looking for breakdown opportunities intraday.
tombro
It faded from it's highs the last 3 days in a row. I haven't looked at those days, but that tells me at some point maybe buyers took profits.
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Its been on a parabolic run for 5 days, makes it a great fade candidate.