Shared by
ckz8780
Intraday short breakdown. Hedged short with 100 long at $15.39, stop for 400 at 15.34. Could have been less greedy on the second half but I figured it would crack harder than this. The 50dma was quite a magnet and it couldn't get any momo. Made $23.68.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-02-21 11:16:33 | FNSR | buy | $15.389 | long |
| 2013-02-21 11:51:42 | FNSR | sell | $15.340 | 0 |
| 2013-02-21 11:51:42 | FNSR | sell | $15.340 | short |
| 2013-02-21 11:51:42 | FNSR | sell | $15.340 | short |
| 2013-02-21 11:52:10 | FNSR | sell | $15.340 | short |
| 2013-02-21 14:22:48 | FNSR | buy | $15.199 | short |
| 2013-02-21 15:05:00 | FNSR | buy | $15.290 | 0 |
Comments
ckz8780
Yep, then you can see as it spiked up to 15.53 rather than be at a loss I was in profit. Helps to stay in the trade emotionally and also gives you an out if it never breaks down. In this case it was quite lame and popped back up even afterwards but luckily I was getting lunch at the time and didn't notice til I came back and I was in profit on the short...haha
My trade in ECA from a couple days ago was also a hedged short that failed to break down and I ended up taking a profit on the long.
derekrucki
what was you stop on the long side of this trade? that 14.44 area was a 5' pivot after you got long and that would have stopped me out for a loss both on the long trade and short trade.
14.4 was the pivot, correct, but I knew that round # at 14.5 would hold it down. Honestly I probably would have stopped out but I had my stop set at 14.5 and went to get lunch and it popped while I was gone so I didn't even notice. Haha
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!
I see, so you get long infront of the breakdown and then set your 3x short under the range