RSTI Trade on Mar 17, 2016 09:32 from ToqueX: Tradervue User Stock Trades.

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ToqueX

Grade=D
P/L=-1.1R

Entry: entered right at the open. I had levels and was counting on there being some early profit-taking after the huge gap on news.

Result: The dip didn't happen and I regret this trade now. It was announced that they would be bought out for 32.50/share and we were underneath that. Sketchy territory. Not the type of trade I want to be in.

Lesson: I had discounted going long after the pre-market action which appeared bearish. I don't see any great setup here although it was a significant more up after the open. The tweezer wicks on the 5m after the open kept me in short longer than I wanted to be.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-03-17 09:32:11	RSTI	sell	$30.860	short
2016-03-17 09:32:11	RSTI	sell	$30.860	short
2016-03-17 09:56:51	RSTI	buy	$31.300	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RSTI&trade=4329586&end=20160416&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RSTI&trade=4329586&end=20160317160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RSTI&trade=4329586&end=20160317121651&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=RSTI&trade=4329586&end=20160317101851&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

RSTI Trade on Mar 17, 2016 09:32 from ToqueX: Tradervue User Stock Trades.

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