Shared by
handycandi_BOWS
Shorted when price bounced down off 1-min 9EMA, with stop just above. Covered half into spike; moved stop to buy price. Moving stop down as needed to stay just above 9EMA. Shorted more when price pulled up to 1-min 9EMA again; average entry is now $17.23, so left stop just above 9EMA. Switching to 5-min view; moved stop to above 5-min 9EMA when 1-min chart started looking weird. Turns out my entry was stupid, because it was pulling up to 5-min 9EMA, not 1-min. I wonder if this is one of those "trades thin" ones Kunal and Maribeth keep talking about, because this is not moving and the volume is really low compared to this morning. Covered near 200DMA, when price wasn't moving; I think it's going to bounce up off 200DMA because it hasn't touched it since Dec, and this would only be the first tap.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-21 09:51:34 | DRNA | sell | $17.355 | short |
| 2015-05-21 09:57:24 | DRNA | buy | $17.180 | short |
| 2015-05-21 10:02:30 | DRNA | sell | $17.170 | short |
| 2015-05-21 10:57:27 | DRNA | buy | $17.050 | 0 |
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