DKS Trade on May 16, 2017 10:29 from Emilie_BOWS: Tradervue User Stock Trades.

Daily: Earnings break down
Intraday:
- 1st entry after the squeeze that stalled around $43.
- 2nd entry on the bear flag near LOD but I got out after it couldn't break $41. I thought it was done.
- 3rd entry on the breakdown after I saw resistance at $41.5 seemed to hold. I felt it might have one more push down after that fake breakout.

Execution detail:

Date/time	Symbol	Side	Price	Position
2017-05-16 10:29:12	DKS	sell	$42.600	short
2017-05-16 11:33:09	DKS	buy	$41.300	short
2017-05-16 12:34:07	DKS	sell	$41.270	short
2017-05-16 13:11:58	DKS	buy	$41.030	0
2017-05-16 14:15:07	DKS	sell	$41.290	short
2017-05-16 15:25:05	DKS	buy	$40.370	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=DKS&trade=5663640&end=20170615&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=DKS&trade=5663640&end=20170516160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=DKS&trade=5663640&end=20170516160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=DKS&trade=5663640&end=20170516160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

VinnyB

2017-05-16 20:26:37

Emilie,

Just a couple of questions on this one as well.

What made you think this was going to fade and make new lows? It was above the $42 level from premarket and above vwap. Is it basically because it broke the the support trendline from the open and you have noticed that stocks that setup like this fade after the open?
What was your stop for the first entry?

Emilie_BOWS

2017-05-16 21:42:34

Clean daily. Stocks that gap down big may squeeze a little bit out of the gate before moving down. I was watching to see if that was the case with this one and whether I could see a top. It tried but couldn't break $43 and started rolling over so I believed the top was in. It was above pre-market low but pre-market low was far enough to take the trade. I expected it to at least test that low.
My stop was HOD.

DKS Trade on May 16, 2017 10:29 from Emilie_BOWS: Tradervue User Stock Trades.

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