SSO Trade on Aug 17, 2011 13:50 from thearmotrader: Tradervue User Stock Trades.

Saw a SPY setup I liked, but didnt want to play SPY so went SSO instead.
-Had ok size on 1st buy, but was going counter trend so cut half for scratch.
-Scalped the rest for nearly +0.40

http://bit.ly/nKkaM2

<-tweeted it out

Execution detail:

Date/time Symbol Side Price Position

2011-08-17 13:50:30 SSO buy $42.210 long

2011-08-17 13:53:06 SSO sell $42.270 long

2011-08-17 14:21:40 SSO sell $42.600 0

Date/time	Symbol	Side	Price	Position
2011-08-17 13:50:30	SSO	buy	$42.210	long
2011-08-17 13:53:06	SSO	sell	$42.270	long
2011-08-17 14:21:40	SSO	sell	$42.600	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SSO&trade=19195&end=20110817144140&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SSO&trade=19195&end=20110817160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SSO&trade=19195&end=20110817160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SSO&trade=19195&end=20110916&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

gregr

August 17, 2011

Perfect exit! What made you sell there? Did you see it slowing or something on the tape, or did you sell because it reached the prior intermediate high at ~42.60?

thearmotrader

August 17, 2011

^@gregr Honestly cant give a exact reason but yes slowing on the tape was one. But mainly a gut trade/scalp. Thnx!

gweakliem

August 18, 2011

Wow, nicely done catching a bottom in some really ugly tape.

thearmotrader

August 18, 2011

^ @gweakliem
Thanks!

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SSO Trade on Aug 17, 2011 13:50 from thearmotrader: Tradervue User Stock Trades.

Comments

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