Shared by
cwainscott_BOWS
Found this premarket and saw that it was already moving pretty good before the bell. Pulled back to moving averages and pushing heavy red volume. Played the pullbacks.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-09-29 09:30:00 | ESPR | sell | $26.010 | short |
| 2015-09-29 10:05:00 | ESPR | buy | $21.820 | 0 |
| 2015-09-29 11:03:00 | ESPR | sell | $22.980 | short |
| 2015-09-29 11:38:00 | ESPR | buy | $22.120 | 0 |
| 2015-09-29 12:07:00 | ESPR | sell | $22.510 | short |
| 2015-09-29 15:47:00 | ESPR | buy | $18.160 | 0 |
Comments
cwainscott_BOWS
I just let it play out. It was pulling back to the moving averages all day.
MAllum_BOWS
Do you always analyse the trends premarket to see how the stock is responding to the MAs? Thats a good idea, im going to try to remember to do that. Where was ur stop at 9.30am and how did you know the stock would go down?
Yes I do. I also look at previous trends for the stock as well. Like "how did it respond to previous earning reports?". If the stock has it's moving average above it then I'll usually put the stop above to MA's. In this case it had already peaked and I put my stop near the high for the candle.
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!
cover near 18 so good!