WLT Trade on Aug 16, 2013 09:55 from johnc_BOWS: Tradervue User Stock Trades.

Shares traded: 1600
Closed P&L: $187.10

Sold on bear flag. Knew it would tank and it did. Exited as a candle was going green.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-16 09:55:50	WLT	sell	$13.218	short
2013-08-16 09:55:50	WLT	sell	$13.219	short
2013-08-16 10:28:42	WLT	buy	$13.040	short
2013-08-16 10:36:15	WLT	buy	$12.930	short
2013-08-16 10:36:18	WLT	buy	$12.930	short
2013-08-16 10:36:18	WLT	buy	$12.930	short
2013-08-16 10:36:18	WLT	buy	$12.930	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WLT&trade=564324&end=20130915&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WLT&trade=564324&end=20130816125118&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WLT&trade=564324&end=20130816160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=WLT&trade=564324&end=20140113&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-08-21 09:16:26

Entry seemed a little early as hadn't set up yet and seemed like a coin flip if would bounce or keep falling. Bear flag break at 13.15ish was the entry. Nice job in anticipation as it looks like the R:R made it worth the risk.

johnc_BOWS

2013-08-24 18:55:06

You're right, Mark. I definitely should have waited for confirmation on the breakdown of the bear flag. Regardless of good R:R, my itchy trigger finger made the play riskier.

WLT Trade on Aug 16, 2013 09:55 from johnc_BOWS: Tradervue User Stock Trades.

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