SGEN Trade on Sep 15, 2015 12:00 from ToqueX: Tradervue User Stock Trades.

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Grade=D

The Setup: bear flag

The result: I anticipated this too much. After a big move up, a reversal trade with decent probability pretty much requires some confirmation and in this case the 48.00 level was very important and I should have waited for it to get through it. I'm also shorting a strong stock in the morning here. Against my rules and a bad idea generally.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-09-15 12:00:07	SGEN	sell	$48.010	short
2015-09-15 12:17:04	SGEN	buy	$48.170	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SGEN&trade=3529626&end=20151015&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SGEN&trade=3529626&end=20150915160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SGEN&trade=3529626&end=20150915144204&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SGEN&trade=3529626&end=20150915124104&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SGEN Trade on Sep 15, 2015 12:00 from ToqueX: Tradervue User Stock Trades.

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