FANG Trade on Jan 21, 2015 10:52 from handycandi_BOWS: Tradervue User Stock Trades.

Price on daily had hit resistance and stochastics were high (but not overbought), and price was just starting to turn down on intraday chart, so shorted half-position, with no plan in place for where to set stop. I was so excited I had found this at the beginning of a move that I made stupid choices. Then it broke resistance, so I reversed my position. Set stop below intraday 9SMA (moving it up as the 9SMA moved up) and let it ride. I'm aware in retrospect that this was all dumb, that there was no entry here. I got excited and forgot all the rules.

This is where I drew the price level on my daily chart:

http://www.screencast.com/t/ukclUGRYkpT2

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-01-21 10:52:06	FANG	sell	$67.530	short
2015-01-21 10:55:25	FANG	buy	$68.140	0
2015-01-21 10:55:25	FANG	buy	$68.140	long
2015-01-21 11:08:02	FANG	sell	$67.930	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FANG&trade=1785503&end=20150121133302&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FANG&trade=1785503&end=20150121120202&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FANG&trade=1785503&end=20150220&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

FANG Trade on Jan 21, 2015 10:52 from handycandi_BOWS: Tradervue User Stock Trades.

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