TZA Trade on Mar 31, 2014 10:23 from 0936am_BOWS_BCV12: Tradervue User Stock Trades.

Re-shorted after observing continued weakness and not being able to stay above MAs.
Entered with .05 stop and .10 target. Left another .10 on table but was so fearful lately of market not supporting follow through so took the scalp and moved on.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-31 10:23:41	TZA	sell	$16.010	short
2014-03-31 10:30:08	TZA	buy	$15.910	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TZA&trade=919488&end=20140331160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TZA&trade=919488&end=20140331115708&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Blake_BOWS

2014-03-31 21:45:06

There's nothing wrong with taking a scalp when you know that's what you're going to take, but think about covering half exactly where you did, and leaving the other half to stop out at your entry. That way, if the stock does flush a lot, you can get more of the move

TZA Trade on Mar 31, 2014 10:23 from 0936am_BOWS_BCV12: Tradervue User Stock Trades.

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