RRC Trade on Nov 4, 2015 09:48 from ToqueX: Tradervue User Stock Trades.

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ToqueX

 

Grade=D
P/L: -1.6R (position size needs to be more accurately so that max. stopout is -1R

Entry: short the bounce. It was a bad idea to do it right under 34 resistance without some more supporting evidence. I probably didn't want to be late, but an early entry requires more evidence than what i had here.

Result: Stopped out. I can see now that I was relying too much on the VWAP and the 5m EMAs. Using those alone, the setup looks like a possibility, but I also need to consider where the resistance is and ideall the MAs and/or VWAP will line up that which will also attract volume from longer-term traders to give the move some more juice in a direction that is clearer.


Execution detail:

Date/time Symbol Side Price Position
2015-11-04 09:48:27 RRC sell $33.850 short
2015-11-04 09:57:23 RRC buy $34.250 0


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