Shared by
jmos_BOWS
PLAY: Flag breakdown with news
Stock had ran up big and was consolidating for either move up or break down of flag for a fade in the afternoon. News came out, and the tape started selling heavy and by the time i realized it was because of news, I chased a bit lol Took some heat but then sold into the flush. A bit of a gamble so went in smaller shares but my train of thought was negative news+ a lot of longs hoping for eod run + parabolic would equate into some nice flush which i was able to catch. I wanted it to be a scalp but with bad news, I thought it could flush quite some more but it didn't and stopped me out at buy price.
Reasons to sell:flush, round #, buy price
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-03 14:15:34 | OREX | sell | $8.210 | short |
| 2015-03-03 14:24:33 | OREX | buy | $8.080 | short |
| 2015-03-03 14:25:36 | OREX | buy | $8.000 | short |
| 2015-03-03 14:26:03 | OREX | buy | $7.870 | short |
| 2015-03-03 14:28:50 | OREX | buy | $8.205 | 0 |
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!