NTNX Trade on Jul 19, 2017 10:19 from d3totherescue: Tradervue User Stock Trades.

Setup:

I was looking for a trend reversal on NTNX. The tape was looking weak on the stock, and NTNX broke the previous resistance area at 23.90. I chose to short on the breakdown, but I stopped myself out.

Mindset:

I've been working on trend reversal plays, but a lot of times you have to cover 1/2 of the position very early, and the rest has to be a hold. I had a small stop loss, so the trade wasn't too bad.

Improvement:

I should be adding to my shorts in pops, and I also have to give the trade ore time to work. The trades go against me when I short into support. Shorting on pops is a much better idea. 24 area was resistance, and I could have shorted my position there.