Intraday bounce short off the 5 min 20sma. Definitely should have had a little more patience on the second half with this one but the first half was good. Took around 40 cents average on it with 100 shares for a $38.01 gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-11-16 12:10:18 | NTES | sell | $45.390 | short |
2012-11-16 12:48:58 | NTES | buy | $44.960 | short |
2012-11-16 13:13:28 | NTES | buy | $45.060 | 0 |
Yeah, I trail my stops mentally on these in the exact manner you're suggesting! In fact a lot of times I will add after the bounce once the stock has cracked the low and hit it more! Just hard to justify trailing anything when you're only trading 100 shares...haha - these should all be 500-1k share sizes but on most of them I am just screwing around :)
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Nice trade, have you considered trailing stops beyond wide range with trend bars? e.g. in this case perhaps trail the stop above the bear bar closing on it's low?