PRTA Trade on Mar 25, 2015 10:37 from EliBrown: Tradervue User Stock Trades.

I shorted this stock as it bear flagged with the 9 EMA squeezing downward. I shorted 200 shares at 38.01 and had a stop placed at 38.30. I covered 100 shares at 37.74 as it grinded downwards. In hindsight I needed to be more patient here and wait to watch how it would react to the 37.50 support level. I moved my stop to my short entry to protect my profits. It did not have the selling pressure at the time to crack 37.50 so I ended up covering the remaining 100 shares at 37.93 before it could trigger my stop. The flush came at the end of the day and it ran down to 36.50.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-03-25 10:37:34	PRTA	sell	$38.010	short
2015-03-25 11:05:21	PRTA	buy	$37.740	short
2015-03-25 11:43:46	PRTA	buy	$37.930	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PRTA&trade=2116577&end=20150424&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PRTA&trade=2116577&end=20150325135346&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PRTA&trade=2116577&end=20150325115146&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

ToqueX

2015-03-26 02:00:48

Pretty good exits I think. It would be hard to withstand watching the stock go above your short entry after taking the first 100 off, so very well done.

EliBrown

2015-03-26 18:05:27

Thank you for reviewing, appreciate it.

PRTA Trade on Mar 25, 2015 10:37 from EliBrown: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax