Shared by
tomr_BOWS
Daily: Rubberband short
Gain: $210
Traded multiple times:
1st Trade - Since I was watching stock for a rubberband short I shorted it when it broke levels of support. Bad entry as I chased it and it was already too extended when I entered on the 5th red candle. Got stopped out when it pulled back above support.
2nd Trade - Shorted stock again when it rolled over and failed to break the morning high. Waited for an intraday flag for entry. Looks like I chased it but I was waiting to break below VWAP before taking trade.
3rd Trade - Took long position when dip got bought and it moved above 9EMA and 20EMA. Scaled out multiple times as it was making a run to new high. Didn't have many shares left at the end to make it a home run.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-13 10:24:09 | TWTR | sell | $56.689 | short |
| 2013-12-13 10:38:32 | TWTR | buy | $57.200 | 0 |
| 2013-12-13 12:54:05 | TWTR | sell | $57.087 | short |
| 2013-12-13 12:54:07 | TWTR | sell | $57.090 | short |
| 2013-12-13 13:31:44 | TWTR | buy | $56.500 | short |
| 2013-12-13 13:40:24 | TWTR | sell | $56.620 | short |
| 2013-12-13 14:47:04 | TWTR | buy | $56.730 | short |
| 2013-12-13 14:47:07 | TWTR | buy | $56.680 | 0 |
| 2013-12-13 14:51:52 | TWTR | buy | $56.780 | long |
| 2013-12-13 14:51:54 | TWTR | buy | $56.800 | long |
| 2013-12-13 15:02:06 | TWTR | sell | $57.350 | long |
| 2013-12-13 15:19:20 | TWTR | sell | $57.370 | long |
| 2013-12-13 15:29:08 | TWTR | sell | $58.070 | long |
| 2013-12-13 15:54:16 | TWTR | sell | $59.000 | 0 |
Comments
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Great job on the switch to buy!