Shared by
pstark89
Stock broke the uptrend line and wasn't getting over the VWAP or MA's so I shorted into what I thought was a bear flag. Didn't work.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-11 14:38:39 | SWIR | sell | $34.672 | short |
| 2015-02-11 15:07:45 | SWIR | buy | $34.920 | 0 |
| 2015-02-11 15:29:54 | SWIR | sell | $34.770 | short |
| 2015-02-11 15:37:58 | SWIR | buy | $34.920 | 0 |
Comments
pstark89
2015-02-12 07:55:15
Great points and shame on me. I should have seen that. Your comments are WELL taken!!
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
There are several things you have to thing about when it comes to this stock. One: it basically followed the market and the market was at a period in which it was trending up. So you were basically going against the wind. Two: there were no signals to show this was going lower. Three: if you were going to short it you should have done so at 2:10 34.80. Instead of buying at support. Four: Look over at the flag starting at 1:30 to 1:50 before it could go lower the stock would have to resolve that area of support, that's why it bounced at that point. If you were going for the short, the best thing is to let break and short the pull back. But it would breakout downward there. And here's why. Most stocks will follow the least resistance. Look at all the support created to the left since the stock opened. What's the path of least resistance... that's right - UP! That's where it headed.