Shared by
sk6345
SPY was in a range with the 20 sma above and the 50 sma below. I went on the breakdown at the 50 sma. The general intraday market began a down trend.
On the previous day, stock price had gapped down below resistance at the open thee day before, but spent rest of the day pulling back. I figured today would be a continuation of the previous day's breakdown so I entered the stock as soon I saw a bear flag forming in anticipation. price ended up pulling back instead and I was stopped out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-04-11 09:46:00 | OMED | sell | $5.070 | short |
| 2017-04-11 10:11:00 | OMED | buy | $5.130 | 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!