Got in at the first red candle for a short...wish I could have positioned myself closer to the top of the red candle. This one was a gapper this morning I found on thestockmarketwatch.com I drew a line at the top of the 1st green candle and placed my stop right above. The stock continued slowly downward continuing making lower lows so I was feeling good about it. The stock had a little bounce up at 11:30 hit resistance at 20 DMA and made me think I should have scaled out. The next red candle I sold half. The stock continued to fall through all the intraday averages EMA9 EMA20. Close to 1 o'clock it bounced up and I thought it would hit resistance at the 20 DMA. I took another 100 shares in anticipation of the move...shortly after, it crossed above the 20 DMA and found support. I had placed a hard stop right above the 20 DMA and all my shared got stopped out. Good thing I got stopped out it found support at the EMA9 and rode it to the close. My longest short trade to date lasting almost 3.5 hrs. Since it was a longer trade I was able to check in and see what XLE was up to also.
NOTE: WMB same action
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-13 09:36:22 | WPZ | sell | $58.430 | short |
2015-05-13 11:34:56 | WPZ | buy | $57.470 | short |
2015-05-13 12:55:47 | WPZ | sell | $56.740 | short |
2015-05-13 13:02:09 | WPZ | buy | $56.955 | short |
2015-05-13 13:02:09 | WPZ | buy | $56.952 | 0 |
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