Shared by
antleon_BOWS
my first Rubber Band short since Kunal's classes! Saw the daily gap open- outside bollinger bands. Stochastic reading was overbought. Thought i'd catch and intraday bear flag. missed the initial but bought the dip then rode it down. My stop right near its first breakout of the flag.
once started dropping, I scaled out 100 shares as it got caught beneath the vwap, which I made my new support for my last 100.
candles found its bottom at 20.00. I didn't sell just yet bc was in the shower or something. I was hoping for a bounce at the 200 ema which was at 20.16 thinking it spike down again. This didn't hold so sold last 100 at 20.18.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-10-19 12:05:57 | TCK | sell | $20.510 | short |
| 2016-10-19 15:10:00 | TCK | buy | $20.060 | short |
| 2016-10-19 15:14:00 | TCK | buy | $20.180 | 0 |
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wow great entry li like this!!!
good covers too to let this ride out good job