FB Trade on Apr 27, 2015 09:50 from camilogomez38: Tradervue User Stock Trades.

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camilogomez38

 

The stock was sold pretty consistent with what expected the last 2 days after earnings. If it were to be sold on the open I would buy for a reversal around the 81.05-80.50 area, however, as futures were up and TWTR was reversing from premarket low, I marked an alert around the 82.40-+82.70 area as possible resistance for an intraday short (Important area on 30 min Chart).

The stock did show a lot of strength on the opening drive but it was starting to loose momentum, and a I saw the 21 SMA on the 30 min chart approaching, I decided to short with a stop at 83 as if the stock held and printed above 83 would then mean my reversal to get long was happening.

Review
The stock kept going up but it finally did a double top at 82.90 area, from where it was sold off. I was stopped out as I raised my stop to 82.33. I could have re shorted when I saw the stock could not go above 82.39


Execution detail:

Date/time Symbol Side Price Position
2015-04-27 09:50:01 FB sell $82.650 short
2015-04-27 12:36:01 FB buy $82.330 0


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