Fade Trade Reversal.
Volume spike, resistance zone, overextended SPY; all check were on.
I did well to not be afraid to execute this bastard; I did well to just exit in Targets since this is a Move2Move trade and i experienced difficulties with holding. However since the weakness in the stock was great I could have left 50% of 3rd until LO3 was violated in this case it was 108.25.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-07 14:00:00 | GMCR | sell | $112.190 | short |
2014-02-07 14:04:00 | GMCR | buy | $111.690 | short |
2014-02-07 14:07:00 | GMCR | buy | $111.190 | short |
2014-02-07 14:08:00 | GMCR | buy | $110.690 | 0 |
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!