DWRE Trade on Mar 26, 2014 11:10 from Blake_BOWS: Tradervue User Stock Trades.

This was a makeshift flat bottom breakout.

I actually like my entry on this stock a lot, however, I made a big mistake closing where I did. I covered the whole position at 63.35 because I was in 2 shorts simultaneously and they both were positive right as the spx had a gigantic green candle, so I really sold only for that reason right before another big red candle!

I'd like to hear any thoughts - was that an appropriate reason to close this trade and I just got unlucky that it still went down, or should I have stayed with it?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-26 11:10:51	DWRE	sell	$63.560	short
2014-03-26 11:10:51	DWRE	sell	$63.560	short
2014-03-26 11:17:43	DWRE	buy	$63.130	short
2014-03-26 11:29:07	DWRE	buy	$63.355	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=DWRE&trade=912432&end=20140425&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=DWRE&trade=912432&end=20140326135407&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=DWRE&trade=912432&end=20140326160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-03-26 18:00:13

Excellent entry. The trend was lower highs and lower lows, so if you would have fellow that, there was no reason to cover...http://screencast.com/t/HJ0eoGIYi

Blake_BOWS

2014-03-26 18:02:10

Very good point! There are always times when we botch up a little, but I hate when I botch something up that bad lol. Perfect entry and I didn't follow through with the good move! Thank you for commenting Nape!

DWRE Trade on Mar 26, 2014 11:10 from Blake_BOWS: Tradervue User Stock Trades.

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