Shared by
KeithL_BOWS
Premarket Gapper.... ORB Flush
Rode along MA's. bounced under EMA's and shorted for a continuation of the flush. Target 19.70, stop at 20.10. Didnt get close to target so didnt sell off at the bottom of dip. Climbed back up and stopped out. Once again, i missed the REAL flush by about 30 minutes.
BOWS.... Should i loosen my stop to try and stop missing the moves i see the setups for, or do i keep them tight and prevent excessive losses??? Im not sure which is the best way to go....
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-13 12:02:19 | KKD | sell | $20.010 | short |
| 2014-03-13 12:08:22 | KKD | buy | $20.140 | short |
| 2014-03-13 12:08:49 | KKD | buy | $20.070 | 0 |
Comments
KeithL_BOWS
I dont see it as price support. It had full resistence above it, VWAP & EMA's. The previous day price level was around 19.50. Just because it was riding along this price level, does that really count as price support? It flushed down below that level earlier and then dipped below it after this trade. and was on a downward slope all day.
Not arguing with you...just trying to understand...
Nape_BOWS
No biggie. Always good to ask question if you don not understand something. Yes. When a stock break above resistance it then becomes support, and vice versa.
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Tough short as you have all this price support below..http://screencast.com/t/WfJuR51Qt