DNB Trade on Feb 5, 2014 09:33 from silverholden: Tradervue User Stock Trades.

I was watching this for a continuation of the previous drops. I was intending this to be a scalp, as I was expecting a bounce at some point. I made many mistakes here. I shorted on the gap down, and I did not size my position correctly leading to a large (for me) loss when it bounced much earlier than I anticipated. Also had a battle with prodigio over the size of my stop, which lead to most of it being even higher than expected. I never should have taken this trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-05 09:33:31	DNB	sell	$94.610	short
2014-02-05 10:02:09	DNB	buy	$95.500	short
2014-02-05 10:06:48	DNB	buy	$95.750	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=DNB&trade=830487&end=20140307&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275&study1=sma(20)');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=DNB&trade=830487&end=20140205122648&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=sma(20)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=DNB&trade=830487&end=20140205105448&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=sma(20)');}

Comments

Gena_BOWS

2014-02-05 21:33:45

That red bar yesterday was so very huge, I would have been worried about shorting it today, in general. Biggest thing is your entry was coming close to the daily chart price support of 94-ish. As far as intraday, you got in so early, didn't have time for a set up to occur. Would also have set my stop just above the lod (price resistance) from day before

DNB Trade on Feb 5, 2014 09:33 from silverholden: Tradervue User Stock Trades.

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