Shared by
GingerSquid_BOWS
with this tight of movement I should of probably went in heavier on this one. Sold a few into the flush and didn't really have a reason to get out until my gf needed me to hangout. I know i got in a little early but i feel like I'm chasing if I miss the first few seconds of the flush.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-24 10:12:23 | IGT | sell | $15.680 | short |
| 2014-01-24 10:27:26 | IGT | buy | $15.380 | short |
| 2014-01-24 13:42:43 | IGT | buy | $15.315 | 0 |
Comments
GingerSquid_BOWS
Hey Billy this popped up on my radar due to its gap down. Since the first movie was to quick for me I just watch for a low risk entry and since it seemed to have problems getting above the vwap I decided to get in in anticipation of the flush. I have had problems missing the move so I'm trying to get in early. On this one I put my stop above the 9ema so that is why I only got 100 shares. I'm glad I didn't miss the flush, however, if I had of waited I could of got in bigger since it didn't flush until the 9ema was almost on top of it.
BillySee_BOWS
Got it, & it makes perfect sense. TYVM, I really appreciate the feedback.
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Nice Trade. (I've included a close up of the entry.) http://screencast.com/t/vWsmPyUjSg
I'm not sure how the heck you knew to enter here, the relative volume on the bar you entered was 179k, the average 5 minute volume since the open was 655k (previous7 bars). I study, and ask questions because I need to learn. You explained that you entered due to the tight movement, but if there is any other reasoning please share. Thanks