FIT Trade on Sep 21, 2015 10:25 from ToqueX: Tradervue User Stock Trades.

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ToqueX

Grade=C

The setup: bear flag, using 2m chart to fine-tune the entry on the crack of 40

The result: Got the quick move and scaled out effectively. The stock bounced and set up again a while later.

The lesson: after a move like this I can keep my eye on the stock and if it bounces, look for another setup. There was some nice rounding action later on this one after the bounce.

Finding shares to short was an issue on this one, and it may have been that I couldn't get shares to short it again. I seem to recall that.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-09-21 10:25:04	FIT	sell	$39.990	short
2015-09-21 10:25:54	FIT	buy	$39.750	short
2015-09-21 10:30:11	FIT	buy	$39.510	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FIT&trade=3538773&end=20151021&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FIT&trade=3538773&end=20150921160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FIT&trade=3538773&end=20150921130011&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=FIT&trade=3538773&end=20150921105811&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

FIT Trade on Sep 21, 2015 10:25 from ToqueX: Tradervue User Stock Trades.

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