DSW Trade on Aug 31, 2018 09:43 from space_junk: Tradervue User Stock Trades.

This was a dumb trade. Like ones I used to make more frequently. I had a possible line of resistance drawn round $33. It wasn't a 'strong' line but I thought it might stop the up move. I shorted into the move and tried to pick a top.
Well, it wasn't the top and I lost. Not a big loss, and fortunately I don't make this kind of trades nearly as often as I used to. Another lesson but at least not a particularly expensive one.

Execution detail:

Date/time	Symbol	Side	Price	Position
2018-08-31 09:43:10	DSW	sell	$32.530	short
2018-08-31 09:45:19	DSW	buy	$32.710	0
2018-08-31 09:49:19	DSW	sell	$32.570	short
2018-08-31 09:50:39	DSW	buy	$32.740	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=DSW&trade=8121658&end=20180831160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=DSW&trade=8121658&end=20180831121539&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=DSW&trade=8121658&end=20180831160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2018-09-02 20:12:13

dont just short right into resistance.. wait for a smaller pattern to emerge on a small time frame to tell you that resistance is not turning into a breakout that will give u a heads up if its gonna turn or not.

space_junk

2018-09-02 20:54:21

You're right. It was a stupid trade. Luckily I'm making less of them these days.
I should have had patience. It could have turned there but the momentum was against me.

DSW Trade on Aug 31, 2018 09:43 from space_junk: Tradervue User Stock Trades.

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