Shared by
markmandy54_BOWS
Working on using bigger size. Premarket levels showed B/D under 89 as decent play. Was using the 90 area for visual stop (did not put in hard stop). Target was +2, +5. Fell so hard so fast took all off. Great trade and was looking for bounce on low volume to intersect at falling 9EMA to short again, made attempt with small size and got stopped, set up again, tried 3rd time with even smaller position and looked great as came back down to 89 area but buyers stepped in big so took off flat.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-16 09:33:22 | NUS | sell | $88.790 | short |
| 2014-01-16 09:34:16 | NUS | buy | $86.480 | short |
| 2014-01-16 09:34:58 | NUS | buy | $83.480 | 0 |
| 2014-01-16 09:59:50 | NUS | sell | $89.000 | short |
| 2014-01-16 10:01:49 | NUS | buy | $90.830 | 0 |
| 2014-01-16 10:16:43 | NUS | sell | $90.190 | short |
| 2014-01-16 10:35:06 | NUS | buy | $89.890 | 0 |
Comments
oly_BOWS
You just keep nailing these openings! adds look ok to me but not my kinda play - volume on 2nd 5 minute bar up might have scared me off reshorting
markmandy54_BOWS
Normally i'd do roughly 200 shares with a 1 point stop but this a.m. i went 500 shares.
mick9800_BOWS
Nice trade Mark. Did you realise that the stock gapped down right on top of the 200MA? Just curious to know your thoughts on this when you took the trade as it was the reason that I passed on it.
I did see that, was watching it premarket to see how reacted and when hit the support AND 200MA and didn't bounce but gave a bear flag (around the 90 area) http://imgur.com/aO5O9Kh that's when i took the trade.
jco1987_BOWS
Fantastic entry's and sells for the morning action
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nice ORB! How many shares are you trading with since you said you increased the #?