SRPT Trade on Oct 17, 2016 10:10 from ghughes13_BOWS: Tradervue User Stock Trades.

Bought thinking it was a bear flag. Started looking like a VWAP pullback on as well (VWAP around 49.80 and a red candle held below it). Original Stop was 50.03. Small position. Oversold stochastics on daily was negative sign though. Should I have not traded it for this reason? Planned on selling around 49.01. Risk/reward roughly 1:3. Market started to bounce which could have been another reason it didn't work.

Should have reshorted on 20MA pullback (Around 50.45)It held there for 3 candles so there would have been plenty of time to get in. Risk would have only been .10 so I could have taken large position. Probably would have sold half at VWAP.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-10-17 10:10:49	SRPT	sell	$49.750	short
2016-10-17 10:31:34	SRPT	buy	$50.070	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SRPT&trade=4913720&end=20161116&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SRPT&trade=4913720&end=20161017125634&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SRPT&trade=4913720&end=20161017115534&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SRPT&trade=4913720&end=20161017105434&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2016-10-23 10:25:33

so when u get a huge snap like that even if its the open let it come back farther that was one nasty drop

SRPT Trade on Oct 17, 2016 10:10 from ghughes13_BOWS: Tradervue User Stock Trades.

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