NBL Trade on May 11, 2015 10:04 from camilogomez38: Tradervue User Stock Trades.

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camilogomez38

 

It tested 47.50-47.60 and quickly failed in a move lower to consolidate at 46.44 - 44.94. I was looking to short below 46.44 for a possible move lower until reason 2 cover. 1 point target.

My execution was really bad which made me be out of focus, and I keep selling winners too fast, even after selling half as planned to take profits.

  1. I am still too slow in hitting the bid. I should have sold at 46.44-46.42 not 46.34
  2. My correct position size was 50 instead of 100 so I could have the 25 risk at the high of consolidation area.
  3. I could have shorted the rest of the Tier 1 once it retested 46.60 and failed. So 44.50 another half.
  4. I could have covered half at 46 when it retraced.
  5. Last cover was when bottom seems to have been placed and intraday trend change 45.60

Execution detail:

Date/time Symbol Side Price Position
2015-05-11 10:04:03 NBL sell $46.340 short
2015-05-11 10:08:06 NBL buy $46.480 short
2015-05-11 10:18:14 NBL buy $46.220 short
2015-05-11 10:23:43 NBL buy $45.950 0


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