HTZ Trade on Sep 22, 2011 15:04 from grove_under: Tradervue User Stock Trades.

There was a held offer at 9.01 for over 30 minutes, so I placed a limit order at 9.01 and got filled. Stop was at 9.03.

The offer lifted, my stop got filled at 9.03, price went up as high as 9.04, but then 9.01 offer came back.

Once I saw the 9.01 sellers come back, I reentered short at the 9.00 bid. And the bid finally broke down after a few minutes.

My exit was based on a stop market place above the high of the prior 5 min bar.

QUESTIONS TO SMB:
1) Trade consideration: Prior to trade entry, was this a trade worth taking?
2) Initial stop: Should I have given my initial stop more room? (entry 9.01, stop 9.03)
3) Trailing stop: I tried to give some room for my exit (high of prior 5 min bar), but were there any other signs or levels that indicated to get out earlier?

Thanks!