BLPH Trade on Sep 30, 2015 13:33 from jmos_BOWS: Tradervue User Stock Trades.

PLAY: BEAR FLAG

Stock stuffed everyone at 6, bounced to the vWAP right into resistance at 5.4 which is the suckers bounce so got short in the bounce, was aggressive with 4cent stop loss. Thought I had it nailed, took partial in the flush to protect myself and rest was a stop at buy price but I thought it was going to break down some more so wasn't worried. Then all of a sudden, it started going, tried to get out, didn't get filled and skipped all the way to 5.5. Got stopped out way above entry and gave back the profit of the trade. Really frustrating as it just jumped my stop and ran away. All that for nothing as it flushed right back down. Hard to hold those type of squeezes because what if it ran to 6?

Reasons to sell:flush, stopped out