Shared by
jakeh_BOWS
parabolic short play. if you look at the weekly, 8.60ish was last resistance in July. i thought i had a perfect case; end of 3rd big up day, stochastics overbought, a resistance number. i was too early. i got stopped out cuz it went up another 10 cents. then my 2nd entry, i knew it was going to fall further but i had the stop set too tight. since this was a parabolic short with a hot stock, and i haven't traded this pattern much, i had a tighter stop than i do with most trades i take.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-13 15:18:15 | AMPE | sell | $8.490 | short |
| 2015-03-13 15:18:54 | AMPE | buy | $8.547 | 0 |
| 2015-03-13 15:26:30 | AMPE | sell | $8.310 | short |
| 2015-03-13 15:29:41 | AMPE | buy | $8.380 | 0 |
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