Shared by
jj_BOWS
My short failed to trend is moving higher and showing signs of a bottom reversal. I take a long position as volume is still good. I sell into a spike for another small gain. I had a feeling I sold too early so I went long again for anther 100 shares and this time it fails to move up. I take another small loss and give back some of my prior gains.
Q. for review - Do you let the basing run out longer before you try to play the bounce or reversal?
Q. what do you watch for as a signal that's it's a good place to enter for either another short or the long? I'm wondering what I should have done different on this bounce/roll over?
Thanks!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-27 10:41:37 | JAZZ | buy | $140.270 | long |
| 2014-01-27 10:45:23 | JAZZ | sell | $140.771 | long |
| 2014-01-27 10:45:29 | JAZZ | sell | $140.800 | long |
| 2014-01-27 10:45:35 | JAZZ | sell | $140.810 | 0 |
| 2014-01-27 10:51:20 | JAZZ | buy | $141.310 | long |
| 2014-01-27 10:54:14 | JAZZ | sell | $140.501 | 0 |
Comments
jj_BOWS
Agree! Looking back; This last one - was a dumb trade for me. If I didn't have the time to play it out - than I shouldn't have taken the trade. The set up came later after I left & I should have ended my trading here when it traded sideways.
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Best trade was shorting that Bear flag break.