Shared by
d3totherescue
Opening Weakness
Trade Idea:
There was a pop on GNC, and I shorted with tier 1 size. There were bag holders in the stock, so I was looking for an early washout. I shorted on a pop, and I wanted to see immediate selling. I knew the selling would continue when the stock broke lod.
Risk Management:
I was risking the 5.85 area, and I wanted to take partials at the 5.10 area. I took partials, and reshorted after a rejection area. I was risking hod after the add. The stock continued to sell off, so I kept moving my stop lower.
Improvement:
-Short more shares at the 5.50 level because that area was rejected twice//risk off hod
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-02-13 09:30:00 | GNC | sell | $5.519 | short |
| 2018-02-13 09:54:00 | GNC | buy | $5.130 | short |
| 2018-02-13 11:01:00 | GNC | sell | $5.340 | short |
| 2018-02-13 15:16:00 | GNC | buy | $5.050 | short |
| 2018-02-14 09:49:00 | GNC | buy | $4.490 | 0 |
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!