SM Trade on Jan 21, 2016 12:31 from ToqueX: Tradervue User Stock Trades.

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Grade=C
P/L= +1.5R

Entry: rollover entry after a long runup.

Result: 11.60 was the first level I was waiting to break down through. The price action looked weak and oil looked ready to roll over for a little while after a significant runup. I got the move, took off 1/3 and waited for the next level to break. I wasn't expecting this to run down for too long, so I like when I took off the last bit. I gave it a chance, but wasn't willing to let it take back off to the upside.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-01-21 12:31:08	SM	sell	$11.670	short
2016-01-21 12:31:08	SM	sell	$11.670	short
2016-01-21 12:33:31	SM	buy	$11.510	short
2016-01-21 12:48:00	SM	buy	$11.280	short
2016-01-21 13:02:08	SM	buy	$11.350	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=4147284&end=20160220&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=4147284&end=20160121160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=4147284&end=20160121160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=4147284&end=20160121132208&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SM Trade on Jan 21, 2016 12:31 from ToqueX: Tradervue User Stock Trades.

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