My game plan going into today was to long some oil stocks as most of them were nearing the 10 & 50 SMA support levels on the daily. But when most of the oils were flushing I began looking for some short opportunities. This stock had a history of pulling back to the 9 EMA and flushing in the past. So, I entered in a short position at the 9 EMA. I again messed up on my order entries where I covered my shares for a $0.03 gain but re-entered a short position at the same spot (12.84). I got stopped out at 12.94 as the 9 & 20 EMA were broken. I was early on my short entry as the stock pulled back to the VWAP and flushed from there.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-12 11:05:34 | LINE | sell | $12.870 | short |
2015-02-12 11:06:42 | LINE | buy | $12.840 | 0 |
2015-02-12 11:07:47 | LINE | sell | $12.840 | short |
2015-02-12 11:15:06 | LINE | buy | $12.940 | 0 |
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!