CRK Trade on Oct 4, 2013 09:44 from johnc_BOWS: Tradervue User Stock Trades.

Assumptions:
Oversold on the daily (88% stochastics and well-above the BB. SPX isn't doing great so I figured there would be less buying pressure to maintain its current highs. I took a short when it broke below yesterday's closing base at 17.06 (preferred price would've been 17.04 since that would've been better confirmation). Set a stop below the HOD at 7.26. **Exited before stop because there was increasing buying pressure... dips were getting bought and no red candles were forming).

Lessons:
In retrospect, I realize that there was a lot of buying interest in this stock because it was continuing its range breakout on the daily. It had also been in accumulation and the forming uptrend was orderly (i.e. it didn't go up too fast too soon). My setup should've been LONG, entering the stock right where I covered my short. It ran 30 cents in 20 minutes.