SSO Trade on Aug 17, 2011 13:50 from thearmotrader: Tradervue User Stock Trades.

Saw a SPY setup I liked, but didnt want to play SPY so went SSO instead.
-Had ok size on 1st buy, but was going counter trend so cut half for scratch.
-Scalped the rest for nearly +0.40

http://bit.ly/nKkaM2

<-tweeted it out

Execution detail:

Date/time	Symbol	Side	Price	Position
2011-08-17 13:50:30	SSO	buy	$42.210	long
2011-08-17 13:53:06	SSO	sell	$42.270	long
2011-08-17 14:21:40	SSO	sell	$42.600	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SSO&trade=19195&end=20110817144140&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SSO&trade=19195&end=20110817160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SSO&trade=19195&end=20110817160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SSO&trade=19195&end=20110916&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

gregr

2011-08-17 23:28:54

Perfect exit! What made you sell there? Did you see it slowing or something on the tape, or did you sell because it reached the prior intermediate high at ~42.60?

thearmotrader

2011-08-17 23:37:35

^@gregr Honestly cant give a exact reason but yes slowing on the tape was one. But mainly a gut trade/scalp. Thnx!

gweakliem

2011-08-18 11:47:52

Wow, nicely done catching a bottom in some really ugly tape.

thearmotrader

2011-08-18 14:56:45

^ @gweakliem
Thanks!

SSO Trade on Aug 17, 2011 13:50 from thearmotrader: Tradervue User Stock Trades.

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