WUBA Trade on May 26, 2015 10:00 from BerlinTrader_BOWS: Tradervue User Stock Trades.

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BerlinTrader_BOWS

 

Not sure I have any defense of this trade.
Reviewing it now, I don't even see my reasoning.

Daily chart shows consolidation and multi-week bear flag.
Bias is to the upside, and looking for a breakout.

Why I chose to short it is beyond me.
I shorted it after the opening range formed at around 77. Covered high after a quick run up.

This trade makes no sense. Agreed?

Lesson learned: Don't short counter trend or with no reasoning behind it.


Execution detail:

Date/time Symbol Side Price Position
2015-05-26 10:00:00 WUBA sell $77.150 short
2015-05-26 10:04:00 WUBA buy $78.684 0


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