VOLC Trade on Oct 29, 2013 13:02 from Jagz18: Tradervue User Stock Trades.

Gravatar

Shared by
Jagz18

 

Gap down today, flagged and broke to the upside (should have really taken this long here)Watched this all day for any sign of weakness. Looked like it topped out just before lunch and couldn't get past the 21.25 mark, evry time it tried it kept getting sold. This was probably the spot to short but the market was up so i didnt really want to anticipate it. Waited for clear price action to the downside. Popped down breaking 20sma and the 21 level it was battling with previously. Bear flagged and broke it to the upside above 21 but couldnt go any further. and immediately came back down below 20sma and the 21 level. Clear sign of weakness.Probably should have shorted closer to 21 but wanted it to clear the 21.88ish level first to be sure. Entered short .88 covered first half into flush at .64, maybe a little premature to be honest as 9ema was at .40 and support at .54. Shoiuld have covered in 50's. Bounced and immediately got rejected by 20sma. Covered another half at .53 as it looked stuck. Ended up covering rest at .58 before it flushed down to my target of .40(9ema). Not a great trade, not a great entry and trade management wasnt the best. Probably should have sized in more because my risk was .12 cents.


Execution detail:

Date/time Symbol Side Price Position
2013-10-29 13:02:45 VOLC sell $20.880 short
2013-10-29 13:17:44 VOLC buy $20.640 short
2013-10-29 14:21:06 VOLC buy $20.540 short
2013-10-29 14:21:06 VOLC buy $20.535 short
2013-10-29 14:22:17 VOLC buy $20.580 0


Comments

2013-10-29 19:02:14
 

Nice

Gravatar kunal00
2013-10-29 19:15:28
 

bad entry y me needed it be closer to 21

Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in