LITE Trade on Aug 23, 2017 10:09 from JeffJeezy: Tradervue User Stock Trades.

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JeffJeezy

 

If you see my previous notes, this is the 2nd in a back to back play here on LITE. That first play was a long, this one I went short.

We got slammed down at the FIB on the previous play and were pushing down against the open now, so I went short....

right away you can see THAT went against me,BUT this made a lower high (2 candles after my short entry here you can see that green candle made a lower high) and came back to my entry point again so I was feeling okay, but it pushed up again with strength the next time.

That is when I realized we were stuck in a channel b/t the open and the 50% FIB so I completely walked away from LITE after this. I knew it would pick a direction eventually but all my trades have to be done by 11:30a EST (8:30a my time), and I try not to allow myself to enter trades after 11:00a EST. If I enter one at 11a, that gives me 30 minutes to let my last play of the day do something before I close it out, I can not manage my positions from work so all trades must be closed win, lose or draw no questions.

You can see here I exited this for the 2nd and last time at 10:50a EST....10 minutes before my cutoff time so I was done with LITE for the day.


Execution detail:

Date/time Symbol Side Price Position
2017-08-23 10:09:40 LITE sell $53.350 short
2017-08-23 10:48:20 LITE buy $54.050 0


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