GENE Trade on Jan 29, 2015 12:58 from gregory12_BOWS: Tradervue User Stock Trades.

This one was crazy. I know in hind sight that at the time I shorted this the momentum was still long and shorts were getting squeezed, yet when I took the trade I felt that the pricelevel was not holding. Bad trade, lucky trade. All moving averages were under it, supporting. Luckily I covered really quick into a mini pullback. These trades are very difficult, not impossible, but one needs to be looking for a parabolic and short for the pullback or wash.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-01-29 12:58:16	GENE	sell	$3.633	short
2015-01-29 12:58:17	GENE	sell	$3.644	short
2015-01-29 13:01:09	GENE	buy	$3.588	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GENE&trade=1903557&end=20150228&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GENE&trade=1903557&end=20150129160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

BenLbTrading

2015-01-30 09:32:01

Good analysis of your trade. It shows you've got a good handle on what you're doing and knew the reasons why this was a bad idea. Sometimes we have to make a few mistakes in the process of learning, but knowing what was wrong with a trade can be very valuable.

CAbbott555_BOWS

2015-01-30 15:50:55

That $2500 account make it more realistc don't it...loll.....

GENE Trade on Jan 29, 2015 12:58 from gregory12_BOWS: Tradervue User Stock Trades.

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