GRPN Trade on Feb 16, 2016 12:01 from Darrin116: Tradervue User Stock Trades.

There was a double top formation from 11-3-15 @ $4.06. Once the price Crossed $4.03 I placed a sell stop W/ an activation price of $4.03 Anticipating that the second tap would get rejected which it did My by limit was at 3.88 to sell half. I got to 1.91 and then advanced . Stop loss stopped out @ 4.11

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-02-16 12:01:06	GRPN	sell	$4.030	short
2016-02-16 15:06:24	GRPN	buy	$4.110	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GRPN&trade=4222913&end=20160317&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GRPN&trade=4222913&end=20160216160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2016-02-17 08:27:54

I think I've lost more money trying to time the tops (or bottoms) than any other way. I see what you were going for, but it's only the 2nd day of the move and without an intraday setup, its a bit of a gamble. I don't think that makes it "wrong"... just doesn't give an edge.

GRPN Trade on Feb 16, 2016 12:01 from Darrin116: Tradervue User Stock Trades.

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