SINA Trade on Jun 5, 2015 11:19 from Eric_Iannuzzi: Tradervue User Stock Trades.

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Eric_Iannuzzi

 

Daily Setup:I thought this would be either a rubberband snapback or it would continue higher. The strength off the first 5 minute candle put this on my watchlist for a continuation play, figured it must be a short squeeze since it was a bit overextended on the daily, shorts were probably piling in and the MM's were squeezing them so I knew if might have juice.
Hindsight is 20/20:Really no red flags on this being a continuation play

Intraday Setup:Bullflag, MA sandwhich (almost), Daylong consolidation- I entered it after it a quick spike down and recovery (aka a shake and bake) and it remounted the 9am
Hindsight is 20/20: It's 11am and the 9ma becomes less reliable. The correct stop placement would have been the 20 ma. The stock took off right after I w stopped out. Cost me $300


Execution detail:

Date/time Symbol Side Price Position
2015-06-05 11:19:23 SINA buy $55.140 long
2015-06-05 11:19:23 SINA buy $55.140 long
2015-06-05 11:33:36 SINA sell $55.040 long
2015-06-05 11:33:36 SINA sell $55.040 0


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