SGY Trade on Jul 1, 2016 15:35 from Louie: Tradervue User Stock Trades.

General Comment/s:
-Didn't really pay much attention to this chart today as I was stuck with my o/n shorts and was just watching how they are performing today. I was busy looking for my ideal exits on O/N positions. During the power hour, SGY started to make some interesting moves, and by this time I have already exited one of my o/n positions.
-I was tape reading this stock and saw a big buyer at 13.44 was taken out. I started to SS when he left.

Plan: (SS)

Setup: Lower high, V as R,

SL: 13.56 (VWAP area)

PT: 13.1 (anticipating a wash when the LOD gets hit)

Final thoughts:
-Obviously I am on a trading tilt and I am unable to trade objectively. On hindsight, I think I entered this trade just to be in a trade. No edge
-when the big buyer was taken out, I should have waited for a bounce to SS (as they always happen) or if I can't really wait, SS half size then scale up during a bounce with set risk at the VWAP. Need to improve on entries.