Shared by
charlesk_BOWS
stop 68.57
I entered this as it broke through the MA support. $1 stop loss to max loss $100.
As soon as I short it it goes up to my stop, I'm out, the proceeds to drop $5...
so instead of making $500 I lost $100....
very frustrating....
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-18 14:48:08 | VJET | sell | $67.570 | short |
| 2013-11-18 14:53:34 | VJET | buy | $68.790 | 0 |
Comments
bbman
Tough one. Good idea, but you kind of chased my friend... and the retracement made sense.
I know hindsight is 20/20, but this is what I see looking at it after mkt
http://pasteboard.co/1mH4Rq41.png
iStryker_BOWS
@bbman nice chart. You chased it. Honestly the play was the short @ 68.00 after you stopped out.
For shorts they will bounce back to the 9ema, or with the more volatile stock with pop through. The key is if it holds, which it didn't.
With the short @ 68.00 it makes your stop easy too, the top of the pop.
I personally don't like this stock as the spread is sometimes too big.
JayThomas_BOWS
@iStryker. You r right about this stock. I shorted it Charles in the 67 range when I got confirmation from the crossing ma's. Kudos to anyone who caught that last bounce!
Sayed
well, i think it was right idea but u were shaken out. Happens time to time.
markmandy54_BOWS
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It was a bit of a chase on entry.The bounce was light though.
I hate them shakeouts.