EXPR Trade on Aug 22, 2012 11:23 from ckz8780: Tradervue User Stock Trades.

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ckz8780

 

Short breakdown at $15.15. This was an anticipatory trade that was a little more stressful than it needed to be since as you can see it spiked up after my short. This is why I shouldn't have anticipated the breakdown. Made a note that when anticipating breakdowns, either fully anticipate it (in this case a preliminary add at $15.30 when it began to crack around 11:15am) or wait for full confirmation (short at $15.14 on the real break of the range). Not a terrible trade but could have been better. Banked $38.00 on 400 shares.

One other note on this is that I should have kept it on watch the next day. The low of $14.94 was a tough support area all day long and the next morning at 10:05am it finally cracked and fell to $14.50 in five minutes. See attached chart:

http://twitpic.com/anoeo2/full


Execution detail:

Date/time Symbol Side Price Position
2012-08-22 11:23:13 EXPR sell $15.190 short
2012-08-22 14:00:49 EXPR buy $15.000 0


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