FURX Trade on Feb 5, 2014 09:44 from silverholden: Tradervue User Stock Trades.

I was watching this for a continued breakdown from yesterday. End of day bounce should have tipped me off that this would not work. I managed a pretty decent entry, but this went the other way.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-05 09:44:02	FURX	sell	$103.590	short
2014-02-05 10:06:08	FURX	buy	$104.050	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FURX&trade=830490&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=FURX&trade=830490&end=20140205122608&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=FURX&trade=830490&end=20140205105808&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=sma(20)');}

Comments

Nape_BOWS

2014-02-05 19:38:51

Positive earnings yesterday. Should have been looking for a red to green play.

silverholden

2014-02-05 19:47:23

Yep. And that's exactly what it did!

Gena_BOWS

2014-02-05 20:43:23

Could have set a partial cover around the expected support area just above 102, then lowered your stop. But overall it is risky to short on a positive earnings play, especially the 2nd day, and also like you said....yesterday it ended with a volumed pop - that is typically a sign for the next day. Agree with Nape, this would have been on watch for r/g.

FURX Trade on Feb 5, 2014 09:44 from silverholden: Tradervue User Stock Trades.

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