MBT Trade on Mar 4, 2014 10:08 from Brutto_BOWS: Tradervue User Stock Trades.

I was all kinda backwards on this one. It gapped up but failed to hold the previous days highs and had a big gap down yesterday so I went short. Then I realized that it was a Russian stock that gapped down yesterday but was strong all day so it would probably reverse higher at some point. I also had a crappy entry and chased it. It consolidated at the entry spot and formed a nice bear flag and then broke down. I had several great chances to cover as low at $16.10 but for some reason I didn't. Instead I added shares when it pulled back to the 9ema thinking that I would get a bigger breakdown. In revue I see that the pullback to the 9ema was a key area that I should have watched in order to decied what to do. It coudl eiter bear flag there to go lower or it could break through the emas showing a squeeze. I needed to wait to see which before adding anything. I did squeeze and ended up stopping out for a small loss when I could have had a gain out of a play that was jacked up from the start. The best thing about this trade was what i just learned from it.
R/R 2/1
-.56R
-.18%