Shared by
Darrin116
Day 2 SIM trade #2. Been watching this one a long time Seen it flush like this before. I figured that this is notoriously shorted once it breached the 52 week low, it would go hard. Shares calculated for a $250 only loss. I am accustomed to selling all at once. Am working on scaling out
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-12 09:59:43 | SUNE | sell | $1.910 | short |
| 2016-02-12 10:12:07 | SUNE | buy | $1.590 | short |
| 2016-02-12 11:29:37 | SUNE | buy | $1.530 | 0 |
Comments
Darrin116
Thanks for your feedback. I always considered chasing buying at the wrong time then selling price goes up buy again price goes down , over and over again. So I looked it up. The definition is entering or exiting of a trend after the trend has already been well established. In that sense you are correct. It seems like a lot of the setups take advantage of secondary moves. I guess we are all chasers!
LPeriman_BOWS
Kinda depends on what setup you were playing. The only one I see is a nice green to red trigger on the 2.00 daily support break. Was that the setup you played? If so, yep, it was about a 5.5% chase. But, I don't know what your setup was.
It looks to me like you had real, empirical, reasons to exit. Nice job.
Hard to see on a 5 minute chart but on the 1 minute you can see the bear flag.
Thanks again for your input.
gregr
Just a suggestion - if you were looking at the 1-min chart when trading, then you might want to add the 1-minute chart here as well; it will make your entry criteria easier to see.
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Looks like you chased a bit but I do see that you said you had plan for the risk. I guess if you're going to chase, this is how you should do it lol