Shared by
pstark89
Tried this three times and got whipped three times. Was buying under ma's. Energy was getting hit so I was waiting for the short. Disaster all three times.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-11 13:33:21 | BCEI | sell | $27.410 | short |
| 2015-02-11 13:43:30 | BCEI | buy | $27.550 | 0 |
| 2015-02-11 13:59:36 | BCEI | sell | $27.360 | short |
| 2015-02-11 14:00:48 | BCEI | buy | $27.420 | 0 |
| 2015-02-11 14:02:52 | BCEI | sell | $27.300 | short |
| 2015-02-11 14:12:53 | BCEI | buy | $27.450 | 0 |
| 2015-02-11 14:28:37 | BCEI | sell | $27.480 | short |
| 2015-02-11 14:30:49 | BCEI | buy | $27.550 | 0 |
Comments
pstark89
2015-02-12 08:09:02
Thanks very much. I have to think a little more sometimes before entry.
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!
Look at the 1 min chart. You see how almost every tick gaps from tick to tick. AVOID! Find cleaner charts to play. Let's just say this short played out. This would be a quick play any way. Look at all the support to the left of the chart. It would go down resolve an area of support and then come back. It would go down and then resolve more support. There are less places to resolve upward. Plus this was kind of aligned with the market. It had a slight delayed reaction. But if you were going to go short: 1:40, after a 30 min run up, you have a double hangman the last one with increased volume (sign). Entry :27:36. Target 27:16 at support. Not much room or time for profit.