BIOS Trade on Jan 2, 2015 13:41 from mirko_BOWS: Tradervue User Stock Trades.

This was a just plain stupid trade. My thinking was that it was overextended on the daily reaching the round number resistance and started pulling back so I shorted after it made a lower high thinking it would flush down to LOD but in fact it bottomed out at $6.50 and started bouncing back.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-01-02 13:41:45	BIOS	sell	$6.570	short
2015-01-02 13:41:45	BIOS	sell	$6.570	short
2015-01-02 13:45:37	BIOS	buy	$6.620	short
2015-01-02 13:45:37	BIOS	buy	$6.620	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BIOS&trade=1668737&end=20150201&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BIOS&trade=1668737&end=20150102160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2015-01-04 12:50:19

that 6.50 is a big support level for this stock so shorting around this area without a rock solid intraday setup is tricky

mirko_BOWS

2015-01-04 16:48:18

So true, I should not have played this one at all because there was no short setup here. Thanks for the feedback man!

BIOS Trade on Jan 2, 2015 13:41 from mirko_BOWS: Tradervue User Stock Trades.

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