CALA Trade on Jun 8, 2017 09:56 from igetmoney_03: Tradervue User Stock Trades.

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igetmoney_03

 

Trade: A reversal play which I shorted into weakness. Trade idea came right from the scan for a simple breakdown. Took a simple trade, and moved on.

TP: Again this was a short into weakness play. I wanted to short 450 shares, but I was not getting any fills so I took what I could get. Not much to think here: just took my .35 and moved on.

Improvement: Taking your .35 is absolutely fine. I also did not take the ticker off my screen this time, so I was looking at the L2 all the way. I could've added shorts to the stock towards 12:50 when the stock was fading. I could have also realized that there was stuffing action at 16.00, but my read on the stock was that there are buyers who will take the stock to 16.25. But that move never occurred, so I did not short.
VWAP: I could have also seen that there was an attempted rally to VWAP at around 2:15PM, and attempted rallies are an opportunity to short with risk just above VWAP.


Execution detail:

Date/time Symbol Side Price Position
2017-06-08 09:56:00 CALA sell $15.750 short
2017-06-08 10:07:00 CALA buy $15.400 0


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