DRYS Trade on Dec 27, 2013 14:09 from drhodes_BOWS: Tradervue User Stock Trades.

quick rubberband snap play, got from intraday scanning, set stop at buy price and let it go with only 100 shares. too bad

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-27 14:09:01	DRYS	sell	$4.810	short
2013-12-27 14:23:35	DRYS	buy	$4.810	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=DRYS&trade=759268&end=20140126&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=DRYS&trade=759268&end=20131227160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-12-27 16:58:10

Stop should have been 10 cent away.

johnc_BOWS

2013-12-28 03:31:04

Entry was OK. It failed that 4.85 range, which was support on that previous flag (and support becomes resistance). Also, as Nape mentioned, your stop was off. I would've been OK with with a stop at .86 but I would've personally taken it at .89.

Either way, looks like you were bound to hit support at .70. I've noticed that when stocks (especially ones at new highs like this) have hit a low in the morning, the consolidation area of that previous low will tend to become support.

DRYS Trade on Dec 27, 2013 14:09 from drhodes_BOWS: Tradervue User Stock Trades.

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