Shared by
Spartan_Trader
This stock didn't show up on my scans. Saw it in chat-room, was bear flagging when I checked. Hammered it. Scaled out in 1/2.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-21 15:04:13 | XONE | sell | $35.530 | short |
| 2014-03-21 15:17:32 | XONE | buy | $35.140 | short |
| 2014-03-21 15:28:05 | XONE | buy | $35.640 | 0 |
Comments
Spartan_Trader
2014-03-26 21:55:49
Know that I'm looking at it, and eyeballing the rationale you left, it makes sense to have shorted it at the pop and fade. With time/experience I hope to gain a better eye for noticing these angles on the fly. Thx Tyler
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Not a bad short, especially because it was a multi-tap (4x). I personally would've shorted it on the top of the red candle, right after it pop and faded the 9ema. Then I would use the top of the green candle wick as my stop.
Also, look at the chart, it respected the 9ema 7 times before this. So that would add to my case, of why I would take the short at the pop and fail vs the multi tap, as both would use the same stop.