WDAY Trade on Apr 4, 2014 09:31 from Mike_Lucas_BOWS: Tradervue User Stock Trades.

Setup: Stock closed just under $84.00 the previous day with price support around $83.00, and the 200 SMA at $81.50. Given the state of the market, I was looking for weakness and to short the stock to these support levels. Dead cat bounce was also a possibility at some point in the day.

Entry: Looking for a green to red trigger, but I entered before that confirmation. I might have set my stop too tight only $.38 away. I should have taken some profit on the first dip, but I wasn't seeing signs of strength. Didn't initially pick up on the low from the previous day as a possible bounce zone.

After getting stopped out, my next thought was to look for breakdown of the days low. After confirmation of the breakdown, I made my next entry. Stop was set at $83.75, so I was looking for at least $1.24 drop.

Exit: Initial target was $81.89, but knew the 200 SMA was around $81.50, so I set my target just above it expecting support. Turns out I could have milked another $2.00 out of it, but with such small share size I was looking to get in and out.