Shared by
chrisconnelly3
was trying to play too big of a range here, never any nhods that i was looking for, flat trade all in all
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-09-17 09:34:45 | AERI | buy | $30.760 | long |
| 2015-09-17 12:16:33 | AERI | buy | $30.470 | long |
| 2015-09-17 12:59:26 | AERI | sell | $31.620 | long |
| 2015-09-17 13:27:05 | AERI | buy | $31.150 | long |
| 2015-09-17 14:06:02 | AERI | sell | $30.500 | 0 |
Comments
Mari_BOWS
2015-09-19 12:08:45
Oh cool the video link turned into a thumbnail here. I never knew this trick.
chrisconnelly3
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
This stock gapped right into price resistance on the daily chart (not visible on this small daily chart). The first candle was red, so it was not a safe buy. The stocks that gap up and the first candle is red, often fade all day. Maribeth talked a little about this in a market recap (Thursday, Sept 10th) so I recommend watching it. I learned a lot from that market recap.
Also Nathan Michaud (Investors Live) shorted this stock in the morning (based on his Twitter posts) probably for the same reasons. It's a whole strategy. Timothy Sykes talked about this strategy in his free YouTube video starting from 00:01:00:
Just pointing out to be mindful of resistance levels on daily chart.