Second try at this one. Once I saw that any pops were getting sold off and it couldn't get over $75.50 I knew that going short was a valid play. My first target was $75.30ish. It's a thick stock and gradually started creeping down with small pops and it tried to get through resistance from other time frames. It actually hit $75.30 briefly but I didn't sell and since it was taking so long I moved my stop down to my entry price when I had the chance. It ended up making a small bounce and stopped me out for a $1 gain before collapsing to $74.97 45 minutes later. So I let my fear of a red trade get me stopped out before the big move but on the positive side, I had accurately assessed what was going on with the trade. Just let emotion get in the way.
R/R
2/1
.07R
.01%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-21 11:03:52 | DTV | sell | $75.500 | short |
2014-02-21 11:03:52 | DTV | sell | $75.500 | short |
2014-02-21 13:23:17 | DTV | buy | $75.490 | 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!