NUGT Trade on Apr 5, 2016 10:24 from JamesDover_BOWS: Tradervue User Stock Trades.

Another ridiculous pattern here. This stock showed up on my premarket radar as it gapped up. So I was trying to long it originally. But after seeing it tank and pullback to the 9 EMA I shorted. After such a crazy move did I seriously think the 9 EMA would stop this thing!!? I should have stayed out of this stock since there was really no pattern at the time whatsoever.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-04-05 10:24:42	NUGT	sell	$56.460	short
2016-04-05 10:27:31	NUGT	buy	$56.700	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NUGT&trade=4461109&end=20160505&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NUGT&trade=4461109&end=20160405125731&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

ShawnSplint_BOWS

2016-04-06 15:29:01

Be aware that a lot of time stocks that gap will close the gap and then continue back the way they came, which is what NUGT did.

LPeriman_BOWS

2016-04-06 20:16:37

Price is king. 9 ema didn't stop this thing... yesterdays support did. It was a nice try to attempt the breakdown pullback. Once again, you limited your loss. Nice.

Always remember to avoid predicting direction. Just play the setup intraday that aligns with the setup on the daily. If both aren't there, move on. You did this consistently sim trading, so I know you know this. Just reminding you.

NUGT Trade on Apr 5, 2016 10:24 from JamesDover_BOWS: Tradervue User Stock Trades.

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