YELP Trade on Feb 9, 2015 10:01 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

Stock gapped down on negative earnings on Friday and has been on a very nice downtrend since. I am hoping to get one or two more days out of this stock before it bounces or rests. I was watching for a green to red move but it began flushing right at the open. I waited for the stock to bounce and pullback to a resistance point. The 20 EMA held as resistance and I entered in a short at 44.39. I scaled out while riding the down trend. I should have kept some lotto shares until the stock reached a more noticeable support level as it did at 43.04. I miscalculated on the next pullback with a poor entry at 43.47. I then botched my stop-loss putting it right on price resistance at 43.89. I re-shorted as resistance held and scaled out during the next down trend. Another short probably could have been taken as price support at the 42.60 area was broken.


Execution detail:

Date/time Symbol Side Price Position
2015-02-09 10:01:50 YELP sell $44.390 short
2015-02-09 10:15:41 YELP buy $43.820 short
2015-02-09 10:21:44 YELP buy $43.640 short
2015-02-09 10:33:21 YELP buy $43.540 0
2015-02-09 11:21:21 YELP sell $43.470 short
2015-02-09 11:30:47 YELP buy $43.890 0
2015-02-09 11:32:25 YELP sell $43.650 short
2015-02-09 12:20:39 YELP buy $43.040 short
2015-02-09 12:35:14 YELP buy $42.930 short
2015-02-09 12:45:15 YELP buy $42.670 0


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