Shared by
NWJames_BOWS
Gap down and continued yesterday's down trend. Definitely chased it. It never had bounced back so I took a risk (probably should have let this trade go despite good results) Covered 1/2; covered 1/4; covered last 1/4 near $4 (thought it would would bounce being round number and 50D MA was there also.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-03-28 09:46:00 | GV | sell | $4.280 | short |
| 2013-03-28 09:46:00 | GV | sell | $4.280 | short |
| 2013-03-28 10:18:00 | GV | buy | $4.190 | short |
| 2013-03-28 11:07:00 | GV | buy | $4.100 | short |
| 2013-03-28 11:25:00 | GV | buy | $3.970 | 0 |
Comments
kunal00
2013-04-04 00:01:18
niceeeee
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Very nice! Only thing I'll say is if these gap like this make sure they either do a weak bounce or settle and do a bear flag for a few min. If you just short in the very first candle there is no real pattern on a gapper, and it could go either way, so you only wanna do this with small gaps and if you can hot it riiiiiight at 9:30. Overall its just more risky to trade these gappers on continuations like we talked about, but you nailed this one. 30 cents on a 4 dollar stock is a 600 dollar trade lol