CTSH Trade on May 4, 2015 10:26 from camilogomez38: Tradervue User Stock Trades.

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camilogomez38

 

The stock open at the 63 possible resistance level and actually consolidated to keep going higher. As Market was weakening and the stock had failed at 65 twice, I decided to short it once it was going on its way down the second time, unfortunatley the stock quickly reversed and took me out.

Review
Good job hitting my stop. I still need to see more topping patterns to be familiar with these type of plays. I will keep trying with tight risk, as I believe risk reward is to high to pass over these kind of plays. For example on this one a second short could have been below 65 when the stock was coming down from its high of 65.50. These plays could be hold until reason to sell.
Another key I can consider is for both the 5 min and 2 min chart align with each other to enter in a particular way.


Execution detail:

Date/time Symbol Side Price Position
2015-05-04 10:26:15 CTSH sell $64.830 short
2015-05-04 10:29:19 CTSH buy $65.080 0


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