GMAN Trade on Apr 1, 2015 11:34 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

After the stock had made highs at 8.70 I was stalking for another short opportunity. I shorted 1500 shares at 8.45 as soon as the flag couldn't hold and crossed the 9 EMA. I placed a hard stop at 8.55. If it was to bounce off the VWAP or 20 EMA I would look to re-short on lower highs but luckily it broke below both. I covered 500 shares at 7.94 after it had broke below $8.00 and covered another 500 at 7.93 because I didn't want to give back to much gains and wanted a safer 500 lotto share position (although still pretty big). I covered 250 shares at 7.83 once it had broke below its LOD and previous bear flags. The last 250 shares I covered at 7.91. After the stock had spiked into the 20 EMA I was thinking the run was over and wanted to secure my remaining profits but I could have allowed it play out a bit longer and cover before the close around 7.80.


Execution detail:

Date/time Symbol Side Price Position
2015-04-01 11:34:18 GMAN sell $8.450 short
2015-04-01 12:26:27 GMAN buy $7.940 short
2015-04-01 12:28:16 GMAN buy $7.930 short
2015-04-01 14:16:16 GMAN buy $7.830 short
2015-04-01 14:49:50 GMAN buy $7.910 0


Comments

2015-04-01 22:17:07
 

Very nice! I like this trade, great job riding this one down. I am working on letting my winners ride and taking profits as soon as there are some.

2015-04-01 22:37:42
 

Thanks Kyle! Me as well man, sometimes I stay disciplined and follow my reasons to sell list and sometimes I don't, but it's all part of the process :)

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