Shared by
handycandi_BOWS
Shorted when broke bear flag and bounced off 9SMA, set stop at $9.39, just above 9SMA. Stopped out. Not sure why it went up instead of down?
Bought several minutes after it crossed above 9SMA - this was totally a revenge trade, and I knew it as soon as I was in. Set stop a few cents below 9SMA, and moved my stop up as the 9SMA moved. Set target limit order a few cents below 20 SMA because I was just trying to get out and figured I wouldn't be able to sell fast enough; also moved that down as 20SMA moved down. I hit my target, but it was only luck. I was also in too many shares. I should have been in this position in the first place, but since I was, there was so much room between my buy price and my stop that I was risking more than I was willing to; I should have only bought 125 shares.
A few minutes later, I bought when I noticed that several minutes earlier it had crossed above the 20SMA... again, chasing it. By then it was crossing back down and I stopped out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-05-05 10:10:22 | BSFT | sell | $19.180 | short |
| 2014-05-05 10:12:52 | BSFT | buy | $19.390 | 0 |
| 2014-05-05 10:22:34 | BSFT | buy | $19.830 | long |
| 2014-05-05 10:37:36 | BSFT | sell | $19.940 | 0 |
| 2014-05-05 10:40:47 | BSFT | buy | $20.150 | long |
| 2014-05-05 10:42:07 | BSFT | sell | $19.930 | 0 |
Comments
kunal00
this was my bad... i actually had no setup maribeth convinced me into shorting it!
there was no ggood setup here... not at those levels neededc it earlier
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
I hit the same trade! it was number 1 on my list of top losers, its down 20%. I have recently realised that when stocks are in the top 5 gainers or losers and are up/down more than 15% they just consolidate for the day rather than continue. something to keep in mind! I should have stuck to my own rule but i only lost $36 on it so no biggy!