FB Trade on Oct 1, 2013 09:43 from johnc_BOWS: Tradervue User Stock Trades.

FB has been running up on the daily chart without resting, so it looked pretty overbought.

(1st entry)
It washed out the previous day. I watched it in the morning for a possible green-to-red (which is new to my arsenal). It went green for the first 5 minutes of the day and I shorted it as soon as it went red. I set my stop at the high of the day.

I sold half when it seemed to reverse. Unfortunately, I didn't set my stop properly and I gave back $15 or so when it came back up.

(2nd entry)
Looks like it went parabolic. I shorted it at the higher end of the bear flag that seemed to be forming. Some may say that my entry was too early, but this setup is feeling more and more natural to me now. After those two big red candles, I felt like shorters would come in and bring it to its opening price.

I sold 1/2 at the VWAP to take a profit in case it bounces. I sold another 1/4 near the opening price (which happened to be very closer to a round number: $50). I should've exited entirely there because I really felt like $50 could be a strong support level. Instead of selling at my buy price, I exited as it appeared to be healing and buying volume came in strong.