YUM Trade on Oct 7, 2015 13:32 from Mari_BOWS: Tradervue User Stock Trades.

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Mari_BOWS

 

1.1R profit. 3rd out of 3 trades in YUM today.

Entry: I shorted the little bear flag/pullback to 9EMA with a $0.35 stop. I was later thinking I could've taken a bigger position and a tighter $0.20 stop, because there was no need to put the stop so far away. Stop was $67.34.
2R target was $67.29 near LOD.
If I had taken a position with a $0.20 stop, my 2R would've been $67.60 and I would've made 2R on this trade or more. LOD would've been more than my 3R target.

Exit: I covered some into the support level around $67.30-$67.41. I covered some a little too soon. I was thinking the price might reach or break the LOD, but when it didn't, I covered the last part of my position.


Execution detail:

Date/time Symbol Side Price Position
2015-10-07 13:32:47 YUM sell $67.990 short
2015-10-07 13:46:02 YUM buy $67.540 short
2015-10-07 13:53:26 YUM buy $67.400 short
2015-10-07 14:02:49 YUM buy $67.840 0


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