Shared by
cwainscott_BOWS
Gap up on the daily that couldn't break the moving averages on the intraday chart. There was no resistance on the daily chart for the short. I bought once it went from Green to Red. I got in way too early at the $81.29 spot and should have allowed the bear flag to develop and play out a little longer. However I didn't hit my stop. I just kept scaling out in thirds and then buying at the VWAP and moving averages. Got out when I needed to get some errands done. This was an easy peasy kind of trade with little risk.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-22 09:43:00 | VRX | sell | $84.920 | short |
| 2016-02-22 09:51:00 | VRX | buy | $83.500 | short |
| 2016-02-22 09:59:00 | VRX | buy | $81.760 | short |
| 2016-02-22 10:08:00 | VRX | buy | $78.700 | 0 |
| 2016-02-22 10:21:00 | VRX | sell | $81.290 | short |
| 2016-02-22 11:22:00 | VRX | buy | $79.870 | 0 |
| 2016-02-22 11:30:00 | VRX | sell | $80.520 | short |
| 2016-02-22 12:20:00 | VRX | buy | $78.050 | short |
| 2016-02-22 12:36:00 | VRX | buy | $77.730 | short |
| 2016-02-22 14:12:00 | VRX | buy | $72.500 | 0 |
Comments
LPeriman_BOWS
You keep trading live as you did this trade and you will just pay other people to do your errands. :)
Really nice exits that aligned to minor support on the daily chart.
cwainscott_BOWS
Nah, I'm a mom and wife first so errands kind of keep me grounded and level headed :). I'm not trading live just yet but getting close. Finalizing some things so it won't be long.
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nice trade!!