UBNT Trade on Oct 28, 2013 11:40 from johnc_BOWS: Tradervue User Stock Trades.

Number of tickets: 2

Man, I really shouldn't have taken this trade. If anything, I should've went long after it bounced off of price support at 36.88 (this support was formed on 10/15). It was too extended at my entry, having already dropped nearly $2.00 since the open. The stock is also simply pulling back, not reacting to any bad news or earnings. Also, that bounce was inevitable, but I DIDN'T draw support lines.

I really need to make sure I'm drawing hidden resistance and support areas before taking a trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-28 11:40:33	UBNT	sell	$36.940	short
2013-10-28 11:40:39	UBNT	sell	$36.940	short
2013-10-28 11:40:41	UBNT	sell	$36.940	short
2013-10-28 12:07:20	UBNT	buy	$37.070	short
2013-10-28 12:07:20	UBNT	buy	$37.080	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=UBNT&trade=661963&end=20131127&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=UBNT&trade=661963&end=20131028142720&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=UBNT&trade=661963&end=20131028160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=UBNT&trade=661963&end=20140327&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-11-06 19:05:35

Danger shorting into daily support after a huge flush intraday.

UBNT Trade on Oct 28, 2013 11:40 from johnc_BOWS: Tradervue User Stock Trades.

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