Shared by
jmos_BOWS
Play: Extended at resistance
Stock looked like it was ready to break 6 but big seller soaked everything up, two tap at that price so thought it could pb and either fail or take the pullback scalp. Nice entry, started going my way, didn't get filled, got out flat.
Reasons to sell: didn't want to get squeezed, didn't get filled on partials
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-11-18 13:54:19 | AVXL | sell | $5.860 | short |
| 2015-11-18 13:55:32 | AVXL | buy | $5.850 | 0 |
| 2015-11-18 14:22:51 | AVXL | sell | $5.910 | short |
| 2015-11-18 14:23:11 | AVXL | buy | $5.760 | short |
| 2015-11-18 14:23:51 | AVXL | buy | $5.570 | short |
| 2015-11-18 14:44:15 | AVXL | buy | $5.380 | short |
| 2015-11-18 14:45:20 | AVXL | buy | $5.280 | short |
| 2015-11-18 15:45:30 | AVXL | buy | $5.430 | short |
| 2015-11-18 15:57:12 | AVXL | buy | $5.360 | 0 |
Comments
jmos_BOWS
You are totally right man. I had my stop originally at 6 as well but when i saw the flush after it stuffed buyers at 5.9, I expected some type of follow through. If i don't see the follow through, i'm expecting a secondary squeeze which it kind of did but ultimately, it would have worked but that is my train of thought. That is one of my weaknesses, i trade too tight!
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man I thought I had tight stops. shorting this at $6 was a beautiful idea but you have to give yourself to about $6.05 to stop out. Kunal would be at 6.10 easily. I have tight stops too so I feel for you. But one cent isnt going to work in this game.