Shared by
amd2709BOWS
rfe: bear flag, r @ 11.48, sto oversold, BOWS chatter,
stop @ 11.77
target @ 11.20
concerns: 2tfta, dip gets bought
rushed into this position like my other VNDA positions. Did not see the daily trend shaping up before I entered the position.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-12 09:47:43 | VNDA | sell | $11.580 | short |
| 2013-11-12 09:47:45 | VNDA | sell | $11.590 | short |
| 2013-11-12 09:56:06 | VNDA | buy | $11.700 | 0 |
Comments
iStryker_BOWS
ya it was extend, if you wanted to should be at a whole number break, 12 in this case. Again, how did you not take some off the table, if you entry was 11.59, you should've taken some off 11.00-11.10 (stock went to 11.04)
one thing I do when I short, is draw fib retracement lines. Look for spot it could bounce and cover before or after you see it bounce there. I wish Kunal taught this. http://www.screencast.com/t/szjFQ8S8QsJ
(I use to go long on fib bounces, but I found most of them became 1:1 risk:reward trades, so I stop)
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Decent entry on the 1 min but on the 5 it was extended. Nice quick spike down too for a decent gain. My suggestion (for what it's worth), if trading off the 1 min, you gotta be nimble and take off according to the 1 min.