ETRM Trade on Jan 10, 2017 11:21 from Emilie_BOWS: Tradervue User Stock Trades.

Gravatar

Shared by
Emilie_BOWS

 

Daily: nothing really, very overbought but this is a supermomo that can be completely unpredictable
Intraday: VWAP breakout

I was watching the stock mainly for entertainment because I thought it was already too extended, no way I could look to buy. I changed my mind when I saw it put in a higher low. My plan was to buy a break over VWAP for a quick trade. I increased my position size as I saw volume coming in after the VWAP breakout.

I took profits very quick, first 1/2, then 1/4, 1/4, only kept a few shares to sell at $30 for bragging purpose :)

Lessons:
I did well on this trade because I was flexible and didn't stick to conventional wisdom or my short bias. Anything could happen. When the stock was flagging under VWAP, I could see the obvious VWAP pullback short setup. However, I still considered the opposite scenario where eager bears got trapped in if there was no follow thru selling and prepared my buy order.
Maybe I was just lucky that I had no shares to short !


Execution detail:

Date/time Symbol Side Price Position
2017-01-10 11:21:05 ETRM buy $20.210 long
2017-01-10 11:30:17 ETRM buy $21.500 long
2017-01-10 12:04:59 ETRM sell $24.780 long
2017-01-10 12:09:17 ETRM sell $25.990 long
2017-01-10 12:14:55 ETRM sell $29.010 long
2017-01-10 12:46:28 ETRM sell $30.000 0


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!

View plans, Sign up for free, or Log in