Shared by
tomr_BOWS
Gap-down on daily chart.
Trade #1: Short position when stock squeezed at open and failed at $30. Little late on entry. Scaled out half near VWAP and remainder when stock seemed to squeeze again.
Trade #2; Another short on break of bear flag. Scaled out at round number ($29) and at LOD.
Gain: $114 aggregate
Shares: 200 on first trade, 100 on second trade
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-05-13 09:45:51 | RDEN | sell | $29.850 | short |
| 2014-05-13 09:51:27 | RDEN | buy | $29.570 | short |
| 2014-05-13 10:46:47 | RDEN | buy | $29.670 | 0 |
| 2014-05-13 11:28:42 | RDEN | sell | $29.350 | short |
| 2014-05-13 12:08:19 | RDEN | buy | $29.010 | short |
| 2014-05-13 12:20:56 | RDEN | buy | $28.340 | 0 |
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