Shared by
firesky_BOWS
SHORT SWING POSITION: Long-term downtrend and near the top of the trend curling over. I've placed my stop at $9.70 (getting in kind of late), with targets at $8.45, $8.15 and $7.05. Corresponding R/Rs are 1.1, 1.6 and 3.4 respectively.
7/24/2015: Got worried about a possible short-term uptrend forming so moved my first target to $8.55.
7/27/2015: First target hit. Was able to look at this guy in the early afternoon for a daytrade. Saw that the day's downtrend was over so I sold on a pullback to the SMAs for a readjusted second target. Moved stop to $8.62.
8/11/2015: Hit adjusted stop at $7.35. All out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-07-22 09:44:00 | ACHN | sell | $9.100 | short |
| 2015-07-27 09:31:00 | ACHN | buy | $8.550 | short |
| 2015-07-27 15:52:00 | ACHN | buy | $8.270 | short |
| 2015-08-11 09:36:00 | ACHN | buy | $7.350 | 0 |
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