GBX Trade on Dec 21, 2012 11:48 from ckz8780: Tradervue User Stock Trades.

Attempted intraday short breakdown. I had a stop set on this at $16.21 but it squeezed extremely quickly and blew through my stop so I got filled at $16.40. I should not have lost $81 on this but unfortunately that's what happens sometimes when these things squeeze quickly. I could have waited for it to confirm breaking down but thought it would be fast since it was so consolidated and didn't think I'd be able to catch it, so I shorted half size when it showed weakness off the top of the range and planned on doubling when it broke the low. I think in general these really need you to wait for confirmation regardless of whether or not you think you can catch it because if they don't break down they almost always squeeze like this.