OPK Trade on May 15, 2015 10:47 from linds7_BOWS: Tradervue User Stock Trades.

Saw second bear flag forming plus EMA's curling together, so decided to short stock at $16.71, stop loss at $16.77. Stock dropped to $16.56 (lowest of the day),should have taken gains then but instead decided to ride out to see if stock would continue dropping. Stock has been running up the last few days, stocks overbought (stochastics over 90) and green bars extending above bollinger band. Set up: Bollinger band snap back. Goal is to short this, possibly on Monday.

Unfortunately, my stop loss went off and lost money on this one.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-05-15 10:47:13	OPK	sell	$16.710	short
2015-05-15 10:47:35	OPK	sell	$16.712	short
2015-05-15 10:47:35	OPK	sell	$16.710	short
2015-05-15 10:47:35	OPK	sell	$16.710	short
2015-05-15 10:47:35	OPK	sell	$16.710	short
2015-05-15 12:35:45	OPK	buy	$16.774	short
2015-05-15 12:35:45	OPK	buy	$16.773	short
2015-05-15 12:35:45	OPK	buy	$16.770	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=OPK&trade=2500749&end=20150614&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=OPK&trade=2500749&end=20150515143045&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2015-05-17 14:40:37

i see what ur trying to do.. the thing is ur on like ht 5th setup on this stock since the open.. at some point the fades lighten up and u start to round

OPK Trade on May 15, 2015 10:47 from linds7_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax