Shared by
jj_BOWS
I had a very late entry on my short here. I missed the earl morning short b/c of child duty. I saw $NOK take a bounce and hit resistance at $7.13 and I still felt like I chased this one with my short at $7.06. I used $7.10 as my stop area in case it went against me as the entry was lower. It continued to fall and I covered once it bottomed and began it's first rebound. Small profit. This had much more trading volume than I anticipated and don't think it was a great trade from that perspective even though I made money.
q. for review - Would this be a trade to avoid given the HUGE volume on the bid & ask?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-23 09:49:07 | NOK | sell | $7.060 | short |
| 2014-01-23 09:49:08 | NOK | sell | $7.050 | short |
| 2014-01-23 09:49:08 | NOK | sell | $7.050 | short |
| 2014-01-23 09:49:08 | NOK | sell | $7.060 | short |
| 2014-01-23 09:49:08 | NOK | sell | $7.050 | short |
| 2014-01-23 09:49:09 | NOK | sell | $7.050 | short |
| 2014-01-23 09:49:09 | NOK | sell | $7.055 | short |
| 2014-01-23 09:59:14 | NOK | buy | $6.975 | short |
| 2014-01-23 09:59:14 | NOK | buy | $6.980 | short |
| 2014-01-23 09:59:14 | NOK | buy | $6.975 | short |
| 2014-01-23 09:59:14 | NOK | buy | $6.975 | short |
| 2014-01-23 09:59:14 | NOK | buy | $6.975 | 0 |
Comments
Sayed
Its one those big float thick stock. Glad u made money but its not one of those day trading stock.
JoJoTrades
the trade itself was really nice; entry after DCB after weakness showing, and then cover at signs of strength/bounce. its quite perfect trade imo...
EL_BOWS
Gutsy entry, but I suppose with this float and history of little movement, you weren't risking much.
jj_BOWS
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Not bad.