CMCM Trade on May 15, 2015 11:27 from foldelinio_BOWS: Tradervue User Stock Trades.

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foldelinio_BOWS

 

Stop: 30.05$
R: -2

I'm a little anoyed about myself regarding this trade. Just because it's up, it doesn't mean it's a short. And I didn't have a plan, but followed the trade of others. This is a low floater on the run and in order to short it, there has to be a blow off top first or a crack of an important support. Coil below 30$ looked juicy, but downside was literally just 50cts, there was no sign of a breakdown, just shorts trying to get out on the bid. Of course it blew 30$ and there were multible signs that it would.

No reason to hold into stops. Thankfully I was on "i just give it a shot" - size.


Execution detail:

Date/time Symbol Side Price Position
2015-05-15 11:27:27 CMCM sell $29.840 short
2015-05-15 11:44:51 CMCM buy $30.220 0


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