Shared by
EliBrown
My buying power was tied up in CTRP while this was forming a perfect bear flag. I was pretty choked that I missed it so I basically made a revenge trade on this stock from my previous losses and for completely messing up my plan on it. It formed another bear flag after cracking 40.00. I shorted 300 shares (way to big for what I was willing to lose) at 38.76 and placed at stop at 39.43. I covered 200 shares at 37.78. I got reckless and shorted another 100 at 37.88 and moved my stop to 38.50. I ended up covering quickly when it broke the 9 EMA. This was not a good reason to cover at this point in the day but I wanted to protect my profits after being down earlier in the day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-20 12:06:38 | PRTA | sell | $38.760 | short |
| 2015-03-20 12:10:26 | PRTA | sell | $39.190 | short |
| 2015-03-20 12:26:40 | PRTA | buy | $37.780 | short |
| 2015-03-20 12:37:36 | PRTA | sell | $37.880 | short |
| 2015-03-20 12:55:20 | PRTA | buy | $38.110 | 0 |
Comments
EliBrown
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!
Nice trade on the first bear flag man. I can kinda see why you took the 2nd one too.