NUGT Trade on Jun 1, 2016 10:30 from Reggie1634_BOWS: Tradervue User Stock Trades.

2016-06-01 21:48:57
I got what I felt was a good short entry here at 74.87. The stock opened higher than the previous days close, and was making a quick run up right into a trend line resistance area that I had drawn from the day before. It quickly pulled back from there, and than tried to bounce. it was here on the failed bounce that I entered into my short position. Now my problem was that I am not use to playing a range like this where moves can be 6.00+ dollars. So here I thought that I had made a great play, and I even used a more realistic size that I would most likely have to use if I was actually playing with real money and my account would probably be only like 2000 to 3000 bucks. So anyway I used 50 shares, and the stock quickly made about a 1.00 move. Again my entry was short at 74.87 and I covered at 73.81. Being that I mostly have expireance in basically scalping for .20 to .30 when I saw this move of again close to a 1.00 I went ahead and covered. As anyone can see I left a shit ton on the table.