Shared by
jmos_BOWS
Play: Double top
After putting in a double top, I looked to short. Entry isn't great on chart as it is a chase as it was just grinding lower since 5.5. I got in when huge seller stepped in after it kept bouncing off 5.10 and when it did't have any more bounce left in it, I got in for the panic with that seller thinking also shorts would jump in it for the break of round #. It took too long and stalled so took some off in the quick flush and then stopped out. This place is suppose to work fast if timed properly as panic is suppose to come but it never did. It held 5 pretty well and went back to HOD.
Reasons to sell: time, quick flush, buy price
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-16 14:22:29 | NVGN | sell | $5.090 | short |
| 2014-12-16 14:26:28 | NVGN | buy | $4.970 | short |
| 2014-12-16 14:27:53 | NVGN | buy | $5.120 | 0 |
Comments
jmos_BOWS
I was so into the tape that I forgot how much it had come down already lol If anything, could have waited for it to bear flag around 5 and then get in that break for the flush..which never happened..but that would have been a better trade
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Yeah agree that was to low of an entry to short there.