Shared by
byers7181_BOWS
I thought this was going to be green to red, it had the huge gap up from previous day. But I bought too early and I should have waited for better buying signal, which could have at least been previous day high.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-12-07 09:54:41 | WDC | sell | $66.875 | short |
| 2016-12-07 09:54:41 | WDC | sell | $66.875 | short |
| 2016-12-07 09:54:41 | WDC | sell | $66.875 | short |
| 2016-12-07 10:09:27 | WDC | buy | $67.512 | short |
| 2016-12-07 10:09:27 | WDC | buy | $67.502 | short |
| 2016-12-07 10:09:27 | WDC | buy | $67.490 | 0 |
Comments
byers7181_BOWS
Thank you and this was my first attempt at trying that play. Now I know what to look for moving forward. I have played red to green before and had success.
LPeriman_BOWS
Shawn and you have already discussed why this isn't a G/R. Further, what about this daily chart said to look for a short?
I think read this wrong I thought because of the huge gap it had on the daily.
But if look closely at the daily that's not its trend at all... It has gapped up on the daily before and it continues to go up... This was one I saw on the pre-market... I should have studied the daily longer.
kunal00
yeah this is just day 1 of the pop so u need to let it play out!! ideally days 3 and 4 are the best!
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I am not sure you mean green to red on this trade. A green to red would be a stock that flushes one day and the following day has a light opening and then moves below the closing price from the previous day and continues downwards.