Shared by
brian_g_BOWS
Seen a bear flag and went short 300 shares at 22.88 with a stop of .15 risking $45. Should have shorted 500 but had other positions on. The stock fell after I entered the trade so I was able to move my stop to break even quickly. Then coved 100 shares at 22.52. Moved my stop down some more and covered 100 more at 22.35. Moved my stop down to 22.52 at first then bumped it down to 22.42 and got stopped out there on my remaining 100 shares. Decent trade but should have had more size.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-19 10:23:15 | X | sell | $22.880 | short |
| 2015-03-19 11:18:15 | X | buy | $22.520 | short |
| 2015-03-19 11:29:15 | X | buy | $22.350 | short |
| 2015-03-19 13:14:15 | X | buy | $22.420 | 0 |
Comments
brian_g_BOWS
Thanks, put FCX on your list of stock to watch. It can move similar to X but not as often. Look at FCX for Friday 3-20-15.
ivanka_BOWS
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Great trade. I have been trading X for a few weeks now and it's been fairly easy to control overall execution on this stock, amazing. It can give you nice flags, bear flags, pull backs, it's constantly going in one direction which is good, haven't notice a lot of side movements with this one, keep trading it.