Shared by
jj_BOWS
Shorted this a few times. Covered and re-shorted as it continued to take all day. One of my best trades but felt like I scaled out too soon. I need to learn to hold that last bit for as long as I can. Greed took over. What can I say? I need more experience on these types of trades.
Q. for review- what level's or indicators on this would have said to stay short longer and be more patient as it fell all day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-15 09:41:13 | CHTP | sell | $5.180 | short |
| 2014-01-15 09:41:13 | CHTP | sell | $5.190 | short |
| 2014-01-15 09:41:13 | CHTP | sell | $5.190 | short |
| 2014-01-15 09:41:13 | CHTP | sell | $5.170 | short |
| 2014-01-15 09:41:13 | CHTP | sell | $5.170 | short |
| 2014-01-15 09:41:13 | CHTP | sell | $5.160 | short |
| 2014-01-15 09:41:13 | CHTP | sell | $5.170 | short |
| 2014-01-15 09:52:41 | CHTP | buy | $4.960 | short |
| 2014-01-15 09:52:41 | CHTP | buy | $4.950 | short |
| 2014-01-15 09:52:41 | CHTP | buy | $4.950 | short |
| 2014-01-15 09:52:41 | CHTP | buy | $4.950 | short |
| 2014-01-15 09:52:41 | CHTP | buy | $4.950 | short |
| 2014-01-15 09:52:41 | CHTP | buy | $4.950 | short |
| 2014-01-15 09:52:41 | CHTP | buy | $4.950 | short |
| 2014-01-15 09:52:41 | CHTP | buy | $4.950 | short |
| 2014-01-15 09:52:41 | CHTP | buy | $4.950 | 0 |
| 2014-01-15 09:56:44 | CHTP | sell | $4.960 | short |
| 2014-01-15 09:56:45 | CHTP | sell | $4.940 | short |
| 2014-01-15 09:56:45 | CHTP | sell | $4.940 | short |
| 2014-01-15 09:56:45 | CHTP | sell | $4.940 | short |
| 2014-01-15 09:59:49 | CHTP | buy | $4.970 | 0 |
| 2014-01-15 10:06:10 | CHTP | sell | $4.810 | short |
| 2014-01-15 10:06:12 | CHTP | sell | $4.819 | short |
| 2014-01-15 10:06:12 | CHTP | sell | $4.819 | short |
| 2014-01-15 10:16:21 | CHTP | sell | $5.010 | short |
| 2014-01-15 10:16:21 | CHTP | sell | $5.010 | short |
| 2014-01-15 10:16:21 | CHTP | sell | $5.010 | short |
| 2014-01-15 10:18:39 | CHTP | buy | $4.990 | short |
| 2014-01-15 10:18:39 | CHTP | buy | $4.990 | short |
| 2014-01-15 10:18:39 | CHTP | buy | $4.989 | short |
| 2014-01-15 10:18:40 | CHTP | buy | $4.990 | 0 |
| 2014-01-15 10:18:58 | CHTP | sell | $5.000 | short |
| 2014-01-15 10:18:58 | CHTP | sell | $5.000 | short |
| 2014-01-15 10:18:59 | CHTP | sell | $5.000 | short |
| 2014-01-15 10:18:59 | CHTP | sell | $5.000 | short |
| 2014-01-15 10:18:59 | CHTP | sell | $5.000 | short |
| 2014-01-15 10:19:04 | CHTP | sell | $5.030 | short |
| 2014-01-15 10:19:04 | CHTP | sell | $5.030 | short |
| 2014-01-15 10:19:04 | CHTP | sell | $5.030 | short |
| 2014-01-15 10:19:04 | CHTP | sell | $5.030 | short |
| 2014-01-15 10:27:42 | CHTP | buy | $5.090 | short |
| 2014-01-15 10:27:42 | CHTP | buy | $5.075 | short |
| 2014-01-15 10:27:42 | CHTP | buy | $5.090 | short |
| 2014-01-15 10:27:42 | CHTP | buy | $5.090 | 0 |
| 2014-01-15 10:34:04 | CHTP | sell | $5.070 | short |
| 2014-01-15 10:34:05 | CHTP | sell | $5.070 | short |
| 2014-01-15 10:34:05 | CHTP | sell | $5.070 | short |
| 2014-01-15 10:34:05 | CHTP | sell | $5.070 | short |
| 2014-01-15 10:34:05 | CHTP | sell | $5.070 | short |
| 2014-01-15 10:34:05 | CHTP | sell | $5.070 | short |
| 2014-01-15 10:34:05 | CHTP | sell | $5.070 | short |
| 2014-01-15 10:34:05 | CHTP | sell | $5.070 | short |
| 2014-01-15 10:57:36 | CHTP | buy | $4.940 | short |
| 2014-01-15 10:57:36 | CHTP | buy | $4.940 | short |
| 2014-01-15 10:57:36 | CHTP | buy | $4.940 | short |
| 2014-01-15 10:57:36 | CHTP | buy | $4.940 | short |
| 2014-01-15 10:57:59 | CHTP | buy | $4.900 | short |
| 2014-01-15 10:57:59 | CHTP | buy | $4.900 | short |
| 2014-01-15 10:57:59 | CHTP | buy | $4.900 | 0 |
| 2014-01-15 11:25:20 | CHTP | sell | $4.950 | short |
| 2014-01-15 11:41:13 | CHTP | buy | $4.855 | short |
| 2014-01-15 12:03:47 | CHTP | buy | $4.840 | short |
| 2014-01-15 12:40:41 | CHTP | buy | $4.750 | short |
| 2014-01-15 12:40:42 | CHTP | buy | $4.760 | short |
| 2014-01-15 12:40:48 | CHTP | buy | $4.750 | short |
| 2014-01-15 12:40:48 | CHTP | buy | $4.750 | 0 |
| 2014-01-15 12:52:39 | CHTP | sell | $4.650 | short |
| 2014-01-15 12:52:39 | CHTP | sell | $4.650 | short |
| 2014-01-15 12:52:39 | CHTP | sell | $4.650 | short |
| 2014-01-15 12:52:39 | CHTP | sell | $4.660 | short |
| 2014-01-15 12:52:39 | CHTP | sell | $4.660 | short |
| 2014-01-15 12:52:39 | CHTP | sell | $4.660 | short |
| 2014-01-15 12:52:39 | CHTP | sell | $4.660 | short |
| 2014-01-15 12:52:39 | CHTP | sell | $4.660 | short |
| 2014-01-15 12:52:39 | CHTP | sell | $4.660 | short |
| 2014-01-15 12:53:11 | CHTP | buy | $4.710 | short |
| 2014-01-15 12:53:11 | CHTP | buy | $4.710 | short |
| 2014-01-15 12:53:11 | CHTP | buy | $4.710 | short |
| 2014-01-15 12:53:11 | CHTP | buy | $4.710 | short |
| 2014-01-15 12:53:11 | CHTP | buy | $4.710 | short |
| 2014-01-15 12:53:11 | CHTP | buy | $4.710 | short |
| 2014-01-15 12:53:11 | CHTP | buy | $4.710 | short |
| 2014-01-15 12:53:11 | CHTP | buy | $4.710 | short |
| 2014-01-15 12:53:11 | CHTP | buy | $4.710 | 0 |
Comments
Sayed
2014-01-15 19:00:54
You ride a piece until it violates any down trend pattern like back over 20 EMA.
JoJoTrades
2014-01-19 21:30:24
the first trade was awesome. really great
the 2nd-to-last one was also really sweet, shorting at that pop up to 4.95, and then patiently letting it grind down, covering on the way down. nice.
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Have to manage the trade better. Have to recognize your levels of resistance.