Shared by
byers7181_BOWS
I lined this up with the daily that the 20 SMA was playing as support and every time it went back to support the stock would go up, but this time it just kept tanking on me. But luckily I did set my risk to what I was willing to lose.
Oh and the last one was a mistake, I thought I was buying back some stock from a short I was doing BBY, but I had the wrong ticker symbol in. I have to make sure I learn my trading platform as well.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-03-03 10:04:28 | CREE | buy | $32.450 | long |
| 2016-03-03 10:13:23 | CREE | sell | $32.200 | 0 |
| 2016-03-03 10:17:05 | CREE | buy | $32.305 | long |
| 2016-03-03 11:14:34 | CREE | sell | $32.050 | 0 |
| 2016-03-03 11:27:17 | CREE | buy | $31.910 | long |
| 2016-03-03 11:39:49 | CREE | sell | $31.955 | 0 |
Comments
byers7181_BOWS
Lawrence do you have a 5 minute chart for the SPY as well? I have started to use the SPY daily, but I wasn't sure if I need the SPY 5 minute. I would think I would because of what you just said, but just want to confirm.
LPeriman_BOWS
Well.. I DO think you can get too bogged down with watching too many things. But, knowing "which way the wind is blowing" is important, I think. I just look at SPY/Sector indices as I'm formulating my plan and just prior to my planned entry. I don't think it's wise to sit and stare at them.
kunal00
this is a tricky one this stock was up 4 days in a row at that point ur going to run out of gas its not worth the risk
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20 SMA on the daily was around 30.50 and the stock was due for a pullback. Should have been watching intraday for short opportunities when SPY looked short in the AM http://screencast.com/t/UmZxtnC7