SXC Trade on Oct 14, 2015 10:35 from Mari_BOWS: Tradervue User Stock Trades.

0.8R

3rd day of an earnings breakdown.

ENTRY: I didn't really expect much of it, because it was extended to the downside already, but I shorted this nice pullback to price resistance/9EMA.
Stop was $0.05 from entry at $6.28.
2R target was $6.13.

EXIT: the price spiked down really fast and I wasn't able to cover into the spike. It gapped down to $6.05, which was past my 3R target at $6.08.

I guess when a spike like this happens, I should just exit the whole position, because it's the second time I miss profits because of not exiting fast enough.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-10-14 10:35:45	SXC	sell	$6.230	short
2015-10-14 10:53:05	SXC	buy	$6.150	short
2015-10-14 11:04:51	SXC	buy	$6.230	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SXC&trade=3680306&end=20151113&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SXC&trade=3680306&end=20151014132451&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SXC&trade=3680306&end=20151014160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SXC&trade=3680306&end=20151014160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

JensW

2015-10-14 22:30:38

For what it's worth,

it makes sense to have a cover order in place, just in case there is a massive "flash drop".

Also, a large doji candle is very often a sign of trend reversal, down, up, down with higher lower at 6.20.

textbook, 1-2-3 reversal on 5min

SXC Trade on Oct 14, 2015 10:35 from Mari_BOWS: Tradervue User Stock Trades.

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