GDS Trade on Jan 26, 2018 09:37 from d3totherescue: Tradervue User Stock Trades.

Gap Down/Weak

Trade Idea:

The stock had gapped down pre-market. It was a weak stock during the day, but I did not check the daily chart. The daily chart was bullish. GDS popped and it did not reach the $28 from the pop at the open. It quickly came back down, and I was suspecting a move to 27.20. GDS reversed and I was stopped out.

Risk Management:

I risked 40 cents on the trade, and I think that was a bit much. I was using a lot of size on this trade I should not have risked more than 20 cents on the trade.

Improvement:

-Have a smaller stop in the morning
-Do not jump into a trade because you think it's weak. If there is no setup there should be no trade.
-I jumped back in at 28 short and made some money
-Overall, this stock was much stronger than I suspected