AAOI Trade on Jul 19, 2017 12:08 from Emilie_BOWS: Tradervue User Stock Trades.

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Emilie_BOWS

 

Context: momo stock up several days in a row, parabolic on daily
Intraday: fading double tops
Tech sector acted weak in the morning and this stock was quite choppy. It got sold off every time it tried to break out so I thought it might put in a red day today. I saw $94 seemed to be resistance level so after it stalled again around this area I got in short. The trade worked right away as it continued down under VWAP. I became more optimistic and added on a small bear flag just above $93 anticipating the move to LOD. Unfortunately it reversed and remounted VWAP. I should have taken the loss earlier.
The stock did fade EOD after the failed break out to new HOD and $95. I think my mistake was to try shorting it during lunch time.

This type of trade is why I hate anticipating parabolic setup. It just takes too much mental capital trying to nail the day a strong stock would pull back AND time the entry correctly.


Execution detail:

Date/time Symbol Side Price Position
2017-07-19 12:08:41 AAOI sell $93.770 short
2017-07-19 12:26:26 AAOI sell $93.110 short
2017-07-19 13:02:19 AAOI buy $94.330 0


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