MVIS Trade on Feb 21, 2014 14:28 from silverholden: Tradervue User Stock Trades.

So my obsession with this continued. It had bee trying to break 2.80 most of the day. When It finally had a really weak bounce, I thought it might slide. So I took half a position short with a stop order for more right below recent lows. It did eventually break 2.80, in a very weak sort of way. I held it almost as long as I could, and ended up covering right before close.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-21 14:28:34	MVIS	sell	$2.850	short
2014-02-21 15:46:56	MVIS	sell	$2.780	short
2014-02-21 15:58:38	MVIS	buy	$2.800	short
2014-02-21 15:58:38	MVIS	buy	$2.800	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MVIS&trade=850676&end=20140323&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275&study1=sma(20)');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MVIS&trade=850676&end=20140221200000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=sma(20)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MVIS&trade=850676&end=20140221175838&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=vwap(none)');}

Comments

LPeriman_BOWS

2014-02-21 20:26:05

What made this look like a short?

silverholden

2014-02-21 20:36:19

While not technically overbought, it had a pretty large run yesterday that left it pretty extended on the daily. It had a chance to keep going this morning and couldn't. The it fell back and tested this 2.8 area 5 times throughout the day, I thought this was going to be the breaking point. My target was previous close price. Had I entered where I should have with a proper stop (HOD preferably), this would have been a productive trade.

MVIS Trade on Feb 21, 2014 14:28 from silverholden: Tradervue User Stock Trades.

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