TZA Trade on Apr 14, 2014 03:08 from stormstocks_BOWS: Tradervue User Stock Trades.

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stormstocks_BOWS

 

"SECOND TRADE:
I shorted here because:
- I was still upset from messing up the first TZA trade so I jumped in very quicly when I got back from my break
- the SPX and NDX were both hitting the low of the day so I expected that it is going to bounce from that level = wrong.
The stock pulled back even more so I sold. I did not really had hard stop as I jumped so quickly but sold exactly at spike.
This was emotional trade not really though through.
Set up: No
Stop: Not really a hard stop when I entered the trade
Clean Chart: Yes"

"THIRD TRADE:
As I sold the second trade, I started seeing a topping pattern and stock was very extended so I reshorted again. I was telling myself that I have to learn how not to be froze when one or more trades don't go my way.
Great move. Selling started picking up and stock pulled back as market went higher. My target was 18 but sold sooner cause I saw the stock going up and panicked but there was not really a reason to sell it cause the buying volume was not more than selling volume. But since I trade such a small account I wanted to lock profits.
Set up: Yes
STop: 18.38 (the highs)
Clean chart: Yes"


Execution detail:

Date/time Symbol Side Price Position
2014-04-14 03:08:47 TZA sell $18.210 short
2014-04-14 03:13:40 TZA buy $18.360 0
2014-04-14 03:15:12 TZA sell $18.350 short
2014-04-14 03:33:57 TZA buy $18.120 0


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