SCO Trade on Aug 27, 2015 12:04 from ToqueX: Tradervue User Stock Trades.

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ToqueX

 

Grade=D

The setup: rubberband snapback long (short of oil)

The result: This was a painful trade to be in which was a waste of my time and attention. Luckily, it wasn't also a total waste of money, although there was the opportunity cost due to my attention being occupied.
I added to the position (risky) when I thought there could be a double top being put in. Oil was very stretched to the upside at this point for an intraday move after breaking through a few intraday resistance levels. When I could comfortably do it, I had my hard stop above break-even and raised it a little before being taken out by the strength of oil on the huge rally. I also bought BAS for a swing to provide a bit of hedging.


Execution detail:

Date/time Symbol Side Price Position
2015-08-27 12:04:07 SCO buy $109.990 long
2015-08-27 12:54:28 SCO buy $107.530 long
2015-08-27 13:42:07 SCO sell $109.450 0


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