YELP Trade on Feb 6, 2015 09:39 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

I had an okay entry point with the anticipation of an ORB as the stock ran into resistance and began breaking down within the first few candles. Again, I was watching the 1 minute chart on this to pin point my entry but I snoozed on the exits. Missing the ideal exit at the LOD, I held on for the bounce and covered my shares at $45.73. I need to be a lot quicker while playing the ORBs to get the best possible exit. In hindsight, I probably should have re-shorted some more shares on the pullback to the MAs instead of at $45.85. The LOD should have been my target, instead I booked my profits to quickly. I should have kept some lotto shares as the stock continued to run down near the LOD instead of fully covering.


Execution detail:

Date/time Symbol Side Price Position
2015-02-06 09:39:50 YELP sell $46.680 short
2015-02-06 09:41:19 YELP buy $46.120 short
2015-02-06 09:51:08 YELP sell $45.850 short
2015-02-06 10:01:35 YELP buy $45.730 0


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