Shared by
J_mudzy
Thought this would be a good red to green play on the gap down, but it ended up rolling over and flushing. Should have avoided this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-23 10:01:43 | VLTC | buy | $14.190 | long |
| 2015-04-23 10:03:02 | VLTC | buy | $14.260 | long |
| 2015-04-23 10:04:41 | VLTC | sell | $14.080 | 0 |
| 2015-04-23 10:05:14 | VLTC | buy | $13.850 | long |
| 2015-04-23 10:05:14 | VLTC | buy | $13.847 | long |
| 2015-04-23 10:05:14 | VLTC | buy | $13.845 | long |
| 2015-04-23 10:05:24 | VLTC | sell | $13.795 | long |
| 2015-04-23 10:05:24 | VLTC | sell | $13.790 | long |
| 2015-04-23 10:05:26 | VLTC | sell | $13.793 | 0 |
Comments
kunal00
2015-05-14 23:51:26
this is not a candiate for a red to green. its day 2 of a pullback so its still a short ur not supposed to long it..
also a huge bounce like this 1.50 off lows it needs to be shorted at some point in thius area when a setup emerges
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!
You were right on the money, Ryan and I also spotted this as a red to green so it wasn't anything you did wrong, it just didn't follow through. I think the daily chart is probably the reason it didn't follow through, it was just too extended to break its downward momentum. It ended up being a double top and when it printed that lower high is when we took it to the short side. Keep a tight stop and don't be afraid to stop out because stopping out allows a better entry.