STML Trade on Jan 21, 2014 10:37 from silverholden: Tradervue User Stock Trades.

I had this stock on watch for a rubber band snapback. This went red early and then tapped the open price several times unable to break through. When it bounced and looked like it was going through 9 EMA I shorted with a stop at 30.10. This took a long time to develop. When I got the first real drop and it paused I covered half. I then trailed my stop down until it bounced and I stopped out. This ended up working out ok, and I think my entry price was good in hindsight. However I think I could have waited quite a while and let this consolidate more before I entered.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-21 10:37:57	STML	sell	$29.923	short
2014-01-21 11:16:30	STML	buy	$29.500	short
2014-01-21 12:39:56	STML	buy	$28.900	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=STML&trade=808149&end=20140220&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275&study1=sma(20)');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=STML&trade=808149&end=20140121200000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=sma(20)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=STML&trade=808149&end=20140121142956&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=vwap(none)');}

STML Trade on Jan 21, 2014 10:37 from silverholden: Tradervue User Stock Trades.

Leave a comment about this trade!

Editor syntax