ECYT Trade on Mar 21, 2014 11:12 from Trader24: Tradervue User Stock Trades.

Great trade. Shorted right before the VWAP, overextended position, a stock that seemed week, and overbought, probable bounce at vwap. Good that I kept it as price didnt come up to my entry. Long wait but huge flush later. When covering, I saw the big candle bounce, should have sold half and wait to see what happened... could have earned 400 more in 1 min!!! Scale out on this winning stocks! (note: I waited about an hour for this to happen. Maybe I could have covered at first mini dump 5 min after entry, maybe cover half, and reshort later when dump was imminent)

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-21 11:12:59	ECYT	sell	$29.450	short
2014-03-21 11:12:59	ECYT	sell	$29.450	short
2014-03-21 11:12:59	ECYT	sell	$29.450	short
2014-03-21 11:12:59	ECYT	sell	$29.450	short
2014-03-21 12:24:07	ECYT	buy	$27.720	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ECYT&trade=906913&end=20140321123007&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ECYT&trade=906913&end=20140321142907&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ECYT&trade=906913&end=20140321160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ECYT&trade=906913&end=20140420&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Trader24

2014-03-24 01:51:50

Should I have covered at 11:15 and then reshort past 12pm???

ECYT Trade on Mar 21, 2014 11:12 from Trader24: Tradervue User Stock Trades.

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