SPLK Trade on Apr 4, 2014 09:40 from Mike_Lucas_BOWS: Tradervue User Stock Trades.

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Mike_Lucas_BOWS

 

Setup: Dead cat bounce off the 200 SMA at $65.50, which it actually touched the prior day. Because of that, I figured the stock already bounced, especially after the stock gapped up at the open.

Entry: Got in above the 200 SMA area as I figured the stock already bounced. I endured a little pain as the stock then went green to red and approached the 200 SMA again. I think I forgot to set a stop, because the stock went down $1.80 from my entry. I got lucky it bounced.

Exit: Got out once I made $1.00, as the market started to show weakness, and I wanted no part of being long this position.

Another great opportunity to short this stock as it broke it's low of the day, just like $WDAY and $TRIP. Same pattern for all, like a roller coaster.


Execution detail:

Date/time Symbol Side Price Position
2014-04-04 09:40:33 SPLK buy $66.500 long
2014-04-04 10:17:07 SPLK sell $67.540 0


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