ERY Trade on Jan 26, 2016 09:41 from James_BOWSsim: Tradervue User Stock Trades.

Hoping for a second day bounce on this inverse energy ETF. Longed as it broke into the VWAP and got a quick scalp. As I saw the trend begin to weaken I scaled out my second half so I was all cash.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-01-26 09:41:19	ERY	buy	$38.378	long
2016-01-26 09:52:11	ERY	buy	$38.330	long
2016-01-26 09:54:10	ERY	sell	$38.820	long
2016-01-26 09:55:46	ERY	sell	$38.730	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ERY&trade=4163821&end=20160225&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ERY&trade=4163821&end=20160126122046&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2016-01-30 11:15:42

flip it!

LPeriman_BOWS

2016-01-30 21:16:56

I see what you were trying to do. Only reason I didn't like it for a short was the volume pattern on the daily. As for the intra day, I'm not sure .. is that an ORB (anticipated) to the long side on a stock that gaps down? I like Kunal's advice of "flip it", but before you do that you have to have a reason, or setup, to do that. Not just cause it went against you. In this case, it turned out to be a beautiful quick pullback to the 9ema. Shoulda flipped it. ;)

James_BOWSsim

2016-02-02 13:16:33

Thanks guys your advice definitely helps. Haven't been in BC since December because of finals, forgot a few things since then.. Good refresher between the simulator and current BC that just started. Gotta look to short that first pop on down gappers!

ERY Trade on Jan 26, 2016 09:41 from James_BOWSsim: Tradervue User Stock Trades.

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