Shared by
tradejazz
Trade Checklist
- Setup: /orb SHORT
- Entry: 5.4
- Stop: 5.63
- Spread: 1
- Shares: 15
- T1: 4.88 (200DMA)
- T2:
- Reward:Risk Ratio (T1): 2+
- Price-action read: 3 candles, Hammer, Buy Pressure, crossed trend line
- Trending? Was downtrend
- Volume Trend Favorable: Heavy bearish, pullback to 9ema now.
- Reversal probability? Approaching support, sideways on prior day close
- Exit:
Details:
Price crossed trendline.
Traded into support near 5.2, pullback took out 9ema stop that I brought down.
remount:
Enter below 9ema, Stop above recent pop. Now stock moving sideways.
r:r 2.8
Considered moving stop above 20ema as 9ema approached. 2-3cents.
No. Stopped again.
Remount 50 (1/8 risk) Tight stop. Stopped.
WEEKLY_REVIEW: Late entry, also broke downtrend. See kunal's note.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-08 10:52:42 | GEVO | sell | $5.350 | short |
| 2015-05-08 11:00:47 | GEVO | buy | $5.550 | 0 |
| 2015-05-08 11:06:17 | GEVO | sell | $5.430 | short |
| 2015-05-08 11:34:04 | GEVO | buy | $5.630 | 0 |
Comments
kunal00
i shorted at 6 and was up thousands
and u can short momo stocks before 1 if u got skillz!
the short was on the break of the 9ema
think about this in a common sense way. stock was at 7.5 1 hour ago and now ur shorting 5.3 wahts more likely the long or the short there.
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tough short for a second day momo. there was a ton of support around 5.23 on a 5min chart
I watched Kunal take this trade and I think i posted in chatroom about the support.
One of MBs rules is not to short momo stocks before 1pm. I like this rule