XON Trade on Mar 6, 2015 10:29 from foldelinio_BOWS: Tradervue User Stock Trades.

43M float/35%short/85%institutional

Stop: 49.40$
R: -0,14

$XON had been trading in a tight range the whole morning and was about to setup a nice range breakout. Size was on the offer at 50$ and lots of small orders had stepped in front of it, but price was not falling. I got in on .96 since it was holding and 50.00$ traded decent size before. No follow through on the upside, so I sized down quickly and got out on the remainder on top of the little coil it broke from. Book was super thin, so I figured all the breakout traders would run for the hills.

Actually a pretty decent trade, which had good potential. I like the fact, that I knew I had a loser before my stop got hit. Next time you see a fake out like that, reverse your position!