Shared by
Markmandy54
Intraday looked great but missed original fill so waited for bounce. There was no alignment on mulitiple T/F so should have passed. Stop -.80, Target +2.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-14 10:30:58 | LNKD | sell | $189.600 | short |
| 2014-02-14 10:34:02 | LNKD | buy | $190.450 | 0 |
Comments
jmoscate_BOWS
I do not see any resistance on any time frame so I am a bit confused. What do you mean by aligning on multiple T/F. I know I already asked you this lol As I see it is there is no resistance (MA's or price) which could have caused you to reject your trade or not reach your target so this should be good for your thesis? Or am I still not getting it?
Gena_BOWS
jmoscate - I think when he took the trade, it was pretty choppy and crossed above the 9, 20 and VWAP and even spiked up above price resistance (where he got stopped out I believe). It seemed to settle down into a pattern around 11am - and thereafter you're right, it didn't violate price or MA resistance as it went down.
Markmandy54
Here's what i mean JM
http://imgur.com/BdWHTvF
Intraday looked great so i took it, then after looking at daily and how O/S and extended it was, that lowers the probability of it being a legit bear flag....and indeed ripped up stopping me out.
Aahh I see what you mean now. I didn't see either the oversold condition. It is all about probabilities like you said, putting them in your favour. Sometimes a stock will do what you want but just might not give you a clean set up to get in and minimize the risk.
PHILnomenal
Well it definitely was another down day for this thing so you made the right call! Seemed a bit extended on the daily to me being down a number of days in a row and being Oversold.
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Tough break! You had the right idea though.