SM Trade on Apr 6, 2015 14:02 from EliBrown: Tradervue User Stock Trades.

Oil made a significant run with USO up 4.95%. When I returned from my break I was looking for a pullback to short into. I anticipated SM to pullback after it seemed to be losing steam at 55.00 with multiple tests through the 9 EMA. I shorted 300 shares at 55.01 and placed a stop at 55.08. I covered 100 shares at 54.74 and the remaining 200 at 54.88. A lot more patience was needed. I should have just let the stock play out as it was giving me no reason to cover.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-04-06 14:02:43	SM	sell	$55.010	short
2015-04-06 14:16:03	SM	buy	$54.740	short
2015-04-06 14:27:08	SM	buy	$54.880	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=2288051&end=20150506&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=2288051&end=20150406160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=2288051&end=20150406144908&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

StevenBurt_BOWS

2015-04-06 17:48:09

I think you did good by getting out when it remounted the ma's. Gotta have that discipline. Good job.

Griffen

2015-04-07 13:25:35

Nice trade man!

SM Trade on Apr 6, 2015 14:02 from EliBrown: Tradervue User Stock Trades.

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