NTAP Trade on Dec 26, 2013 11:55 from johnc_BOWS: Tradervue User Stock Trades.

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johnc_BOWS

 

It couldn't crack the 20dma. On the 5-min chart, it hit resistance and I shorted on confirmation (i.e. at least 2 candles) that it couldn't break above the 20ema. I wouldn've shorted sooner, but I also wanted to make sure it broke that base.

I only wish that I had scaled out on that second spike. I held out and set my limit order to 40.22, but the ask price never quite got that low. Manually exited before hitting my stop.

2/8: Mark was right. The daily is too sloppy. I got so caught up at the time with the idea of MA failures, that I got obsessed with basing my trades around them. Although this trade ended up working out, I would actually classify it as a type 3 now.

I'm adding the Type 1 tag just because this wasn't an impulse trade... it was a bad trade because of a lack of knowledge rather than a lack of self-control.


Execution detail:

Date/time Symbol Side Price Position
2013-12-26 11:55:39 NTAP sell $40.410 short
2013-12-26 11:55:39 NTAP sell $40.410 short
2013-12-26 11:55:39 NTAP sell $40.410 short
2013-12-26 11:55:39 NTAP sell $40.410 short
2013-12-26 13:27:51 NTAP buy $40.310 short
2013-12-26 13:27:51 NTAP buy $40.310 short
2013-12-26 13:28:28 NTAP buy $40.310 short
2013-12-26 14:14:35 NTAP buy $40.380 short
2013-12-26 14:14:35 NTAP buy $40.380 0


Comments

2013-12-29 02:32:13
 

Daily is sloppy, i say pass!

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