ESC Trade on Sep 6, 2013 10:10 from johnc_BOWS: Tradervue User Stock Trades.

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Shared by:
johnc_BOWS

 

Assumption:
Bad earnings, so I was just looking for an entry intraday.

Play:
Sold off on confirmation of the bear flag.

Outcome:
It didn't really go since it may have been too extended in the morning. Also, I didn't get filled all the way at 19.05 so I added at 18.99ish. Set a stop at my first target and ended up not making very much on the trade.

Lesson:
I should've played the 9ema pullback instead of the bear flag. Could've gotten a much better price, and my stop would've been pretty much the same I think.


Execution detail:

Date/time Symbol Side Price Position
2013-09-06 10:10:47 ESC sell $19.050 short
2013-09-06 10:11:16 ESC sell $18.990 short
2013-09-06 10:11:16 ESC sell $18.980 short
2013-09-06 10:11:26 ESC sell $18.989 short
2013-09-06 10:11:28 ESC sell $18.990 short
2013-09-06 10:24:13 ESC buy $18.810 short
2013-09-06 10:24:13 ESC buy $18.810 short
2013-09-06 10:24:13 ESC buy $18.810 short
2013-09-06 10:45:44 ESC buy $18.994 0

Comments

Gravatar markmandy54_BOWS
September 10, 2013

Nice entry although seemed a little extended at that point but if good R:R i'd think you take it. Nice exit.

Gravatar johnc_BOWS
September 10, 2013

Yeah I agree with you, Mark. I'm still trying out short plays. I'm still at about 20-30% success rate with them

Gravatar oly_BOWS
September 17, 2013

I used to take these too but got burned too often - agree with Mark, too extended. Now I think I will stick with 9ema pullbacks or if it bases for an hour or longer.

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