OPK Trade on Dec 13, 2013 12:12 from unik_BOWS: Tradervue User Stock Trades.

Really poor entry. There was no reason to try to short here as I didn't have confirmation that it will be going down. 9EMA was starting to flatten and buying volume was picking up... Miscalculated by position size as well.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-13 12:12:59	OPK	sell	$8.440	short
2013-12-13 12:23:05	OPK	buy	$8.560	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=OPK&trade=745567&end=20140112&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=OPK&trade=745567&end=20131213160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Gena_BOWS

2013-12-15 09:49:05

Yeah, should have waited a bit longer for confirmation instead of shorting it on the way up. Was a bit overextended downward already, not the best short set up. Interesting that when it did bounce up there (where you covered) was also resistance from earlier, and it headed back south again with that resistance pushing it down. Also, the stock already had 2 prior big red candle days - makes shorting more risky in general.

OPK Trade on Dec 13, 2013 12:12 from unik_BOWS: Tradervue User Stock Trades.

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