Shared by
stormstocks_BOWS
FIRST TRADE:
Good entry, nice apex of the coil stop right under apex low 25.20. Low risk.
Good scaling out. Last scale out at the resistance.
Great execution.
SECOND TRADE:
Expecting it to retest the high. I put stop under the trap candle under 25.29. But the stock never got going. Mov avg above and pushed the stock down. What was wrong? It was under mov avg on 1 min and never got over it after the pullback and there was this one big candle that took the stock from resistance down.
This trade just did not work. I had the brains to go small on shares. So good.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-09-08 14:07:00 | UWTI | buy | $25.240 | long |
| 2016-09-08 14:13:00 | UWTI | sell | $25.370 | long |
| 2016-09-08 14:15:00 | UWTI | sell | $25.480 | long |
| 2016-09-08 14:22:00 | UWTI | sell | $25.520 | 0 |
| 2016-09-08 14:43:00 | UWTI | buy | $25.360 | long |
| 2016-09-08 14:52:00 | UWTI | sell | $25.250 | 0 |
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