Shared by
nugrahaa
Play 1:
Long entry, but after 8 mins no progress. Sold flat.
Play 2:
See stock is weak, Short entry but got stop.
Play 3:
Find out that my Stop loss was at the peak, re-Short at 18.1.
Cover all at target 18.0
Play 4:
Broke down 18.0
Short entry at 17.84
Cover half at 17.49 then the rest after the bounce.
Play 5:
This is chasing... assume stock will still going down and no setup.
Re-short got Stop loss.
Good trade plan can make base on pre-market chart on this:
1. Broke down 18.4 and pull back... so 18.4 is short entry, but no confirmation (not safe).
2. Only look confirmed, Broke down 18.2 to 18.2 and pull back, good short entry is after the Shooting star confirmation which also sign the break out was failed.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-28 09:39:31 | OVTI | buy | $18.400 | long |
| 2014-02-28 09:46:42 | OVTI | sell | $18.400 | 0 |
| 2014-02-28 10:04:26 | OVTI | sell | $17.991 | short |
| 2014-02-28 10:14:48 | OVTI | buy | $18.240 | 0 |
| 2014-02-28 10:21:24 | OVTI | sell | $18.100 | short |
| 2014-02-28 10:28:02 | OVTI | buy | $18.010 | 0 |
| 2014-02-28 10:39:52 | OVTI | sell | $17.840 | short |
| 2014-02-28 10:47:27 | OVTI | buy | $17.490 | short |
| 2014-02-28 10:49:43 | OVTI | buy | $17.450 | 0 |
| 2014-02-28 10:52:53 | OVTI | sell | $17.421 | short |
| 2014-02-28 10:54:46 | OVTI | buy | $17.570 | 0 |
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