WLL Trade on Mar 24, 2016 09:48 from GaTech_Trader: Tradervue User Stock Trades.

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GaTech_Trader

 

I was watching $WLL for a short today after its weak day yesterday and then the gap down today. I thought I saw a pullback to the 9EMA on a 3min chart and shorted it at the first red arrow. If you look at the 5min chart, it was not close to the 9EMA. I got stopped out at the second arrow. Looking back on it, $SM was sitting on support on the daily chart. I needed to wait on a clearer direction to form. I also let this stock get too far away from its pattern and did not protect against the ORB, I got ORB’ed. The play on this was the pullback bounce to the long side, every time it pulled back it bounced up that trendline. Samething with $SM, $OAS and $FCX. I would give myself and A for the daily setup, F for the intraday setup because I need to wait for a better direction intraday, I was really guessing on a direction and not waiting on confirmation. For execution, I would give myself a B, just because I lost money, my share size was good for my account size.


Execution detail:

Date/time Symbol Side Price Position
2016-03-24 09:48:30 WLL sell $6.760 short
2016-03-24 09:54:54 WLL buy $7.031 0


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