GME Trade on May 24, 2013 11:46 from J2WS: Tradervue User Stock Trades.

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J2WS

 

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  • "Layup"
  • Missed 2 morning short opportunities because this wasn't on radar from last night
  • Was able to hold more of my core compared to a previous trade

http://www.youtube.com/watch?v=-JHFBW1Zh80

I missed a couple of potential easy short opportunities because I wasn't awake or at my desk. I didn't even have GME on my radar and was alerted to it by a buddy of mine. I was talking him through his trade as one of my favorite set ups started to happen. I asked him if he was ready to add because I was getting ready to establish my position.

This trade reminds me a lot about my SINA trade I made earlier this week. Being that I didn't add and just covered into weakness. The only thing I did better than my SINA trade was hold more of my shares for the bigger move. I didn't cover as much during moments of consolidation, instead I covered more after it broke out of those consolidation periods. That's probably the only improvement from trade to trade. I tried to get aggressive towards the end giving it another chance, but that didn't work out so I gave back a little gain. That's okay though, I just did a small feeler position and was okay with that.


Execution detail:

Date/time Symbol Side Price Position
2013-05-24 11:46:30 GME sell $33.610 short
2013-05-24 11:46:30 GME sell $33.620 short
2013-05-24 11:46:33 GME sell $33.610 short
2013-05-24 13:12:08 GME buy $32.450 short
2013-05-24 13:12:08 GME buy $32.450 short
2013-05-24 13:12:08 GME buy $32.450 short
2013-05-24 13:30:01 GME buy $32.100 short
2013-05-24 13:58:23 GME buy $31.235 short
2013-05-24 14:25:32 GME buy $31.500 short
2013-05-24 14:36:09 GME sell $31.790 short
2013-05-24 14:42:03 GME buy $32.110 0


Comments

2013-05-27 21:16:07
 

Perfectly executed bounce short. Nice job.

2013-05-27 21:18:21
 

Just curious, where is your stop on something like this? $34+?

2013-05-28 03:02:35
 

I usually do 10 to 15 cents above the retracement high so yes.. a little over 34.

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