Shared by
jmos_BOWS
Play: Parabolic
Stock went parabolic, ran to 2, jammed everyone, put in a blow off candle with high volume so was thinking once again short. Waited for set up to make sure it was done, got in, got the flush and bounced right off the 9ema. I was thinking it would keep going but didn't and started bouncing and had that buyer stepping in as it stalled again. I was not confident in this one as buyer kept coming in and it kept squeezing holding the trend all day and 9/20ema all day. But it was indeed the top and had it nailed and should have been more patient waiting for the bigger move. It is in those type of moves where I need to stick to it for the bigger play instead of looking to scalp it.
Reasons to sell: flush, buy price
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-25 13:43:01 | CLRX | sell | $1.950 | short |
| 2015-02-25 13:44:10 | CLRX | buy | $1.910 | short |
| 2015-02-25 13:46:02 | CLRX | buy | $1.945 | 0 |
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