Shared by
ckz8780
Base breakdown under $5.42 low. I thought this would push through $5.30 support on the daily but I guess it was too strong. It was down a lot and is pretty extended on the daily so it's not too unexpected, though. It was also extended going into this move so I actually expected a bounce and then to be able to double up but it never bounced so I wanted to let it run more. With more shares and a higher average it might have been worth covering near $5.30. Cut it for a small loss after it rebounded.
1000 shares
-$19.60 (-0.37%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-06-14 11:00:14 | HIMX | sell | $5.410 | short |
| 2013-06-14 12:48:20 | HIMX | buy | $5.430 | 0 |
Comments
skipjackrick
Even more crazy is that when it bounced to 5.40ish I was thinking about hitting it again but passed on it because once you get the main move in the stock you rarely get a second one.
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Ah man. Yeah when that buy volume came in after the bounce at 5.30 I thought it was going to bounce as it did.
You were the one that taught me to take a little more aggressive entry on those light bounces when they fail to take out HOD. As I find these days the trades that win me the most money are the ones I feel most uncomfortable taking.