Shared by
iStryker_BOWS
Long 1
+2000 shares. Stock pulled back to 9ema, it was straddling it. Target to 8 and above, stop on break of 9ema (less than 10 cents). Should have sold half as its first spike was too quick. Was about to sell half @ 7.68. but didn't. Sold flat.
Short 1
-1000 shares. Stock was showing weakness, about to break 9ema (5 min) so I jumped over to shorts. Covered half on sharp down spike. Cover rest when I realized this was probably the shakeout before it would break the flag and rip.
Long 2
+2000 shares. Right after I cover my short I jumped to long. The stock just completed a shakeout right at the spot where it should break the flag and rip. Stop was easy, 7.15-7.20, right at the low it just established. Nailed it. Cover half perfectly, was going to cover a quarter @ 8.10 but I missed it. Ended up putting a hard stop @ 7.80 which it hit.
+1290 P&L. Maximum risk $300 (which should've been just $200 as that was my goal)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-29 10:31:35 | ZOOM | buy | $7.350 | long |
| 2013-11-29 10:46:14 | ZOOM | sell | $7.360 | 0 |
| 2013-11-29 10:46:56 | ZOOM | sell | $7.400 | short |
| 2013-11-29 10:47:22 | ZOOM | buy | $7.150 | short |
| 2013-11-29 10:49:49 | ZOOM | buy | $7.290 | 0 |
| 2013-11-29 10:50:00 | ZOOM | buy | $7.300 | long |
| 2013-11-29 10:50:22 | ZOOM | buy | $7.340 | long |
| 2013-11-29 11:08:46 | ZOOM | sell | $7.850 | long |
| 2013-11-29 11:59:35 | ZOOM | sell | $7.960 | long |
| 2013-11-29 12:07:33 | ZOOM | sell | $7.800 | 0 |
Comments
iStryker_BOWS
Ya, I probably would've caught the short on this too, it was straddling a descending trend/flag & didn't have the volume to break it, but atlas I left my desk after the final trade.
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Nice trades. Love your exits. Great chart shot too, looks totally different then tradervue chart.