Shared by
slappyMarsden_BOWS
Bought the pullback to the 21ma but the stock continued selling off ...14.50/9ema is where it should have bounced....when it dropped below the VWAP on the 5min I should have been out.
Looking back at this trade I remember from class that early pullbacks normally bounce off the 9ema...and deeper pullbacks later in the session bounce off the 21ema/VWAP.
It fell too hard too fast...that first big red candle should have been the warning.
I really hate Suretraders charting software...drawing trend lines is a pain in the ass.
Second Trade: Bought the 3 hour long bull wedge on a break-out retest. Double topped and broke out of it's rising bottom channel so I exited.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-03-04 10:00:00 | SUPN | buy | $14.340 | long |
| 2016-03-04 10:05:00 | SUPN | sell | $14.030 | 0 |
| 2016-03-04 14:22:00 | SUPN | buy | $14.090 | long |
| 2016-03-04 14:53:00 | SUPN | sell | $14.160 | 0 |
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