HLF Trade on Feb 27, 2015 10:40 from ivanka_BOWS: Tradervue User Stock Trades.

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ivanka_BOWS

 

Earnings report: Sales are down at Herbalife . The company's guidance for 2015 is also down, and investors are selling out of Herbalife's stock Friday.

Setup - Earnings report with a big spike in price in the pre market

Daily chart - stock closed at HOD the previous day but had bad earnings report in the after hours- possibly short position in anticipation of a Green/Red move

Intraday (5-min) - first 2 5-min candles went up and on the third candle broke the previous day's close and initiated G/R move. I let it form a bear flag and got in on the next run down. Price stayed right under 9 EMA on the way down but I did not like that it did not form a nice EMA sandwich, but I guess they don't always do.

Entries: $33.13, and again $32.35
Stop loss: had a little lose stop just over 9 EMA, but because of the MAs being so far apart, risk was bigger and more difficult to determine where to put a stop
Target: $32.50 (in the premarket it had some lower $32 spikes)
Exit: sold poorly not letting the short setup really develop (both times).

http://prntscr.com/6am10z


Execution detail:

Date/time Symbol Side Price Position
2015-02-27 10:40:21 HLF sell $33.133 short
2015-02-27 10:40:21 HLF sell $33.130 short
2015-02-27 10:51:24 HLF buy $32.930 short
2015-02-27 10:51:24 HLF buy $32.930 short
2015-02-27 10:54:23 HLF buy $33.090 short
2015-02-27 10:54:33 HLF buy $33.082 0
2015-02-27 11:47:20 HLF sell $32.350 short
2015-02-27 11:47:50 HLF sell $32.350 short
2015-02-27 11:55:27 HLF buy $32.160 short
2015-02-27 11:56:18 HLF buy $32.240 0

Comments

Gravatar kunal00
March 01, 2015

oh man! good entries! not good covers.. why so early with such a mover? its a in play stock u will get the juice!

Gravatar ivanka_BOWS
March 01, 2015

Oh Kunal, thanks for the comment...I was stuck in another trade and left this one on the sidelines. When I checked on it, and saw +20 cents, I started covering. Did not think it had so much more left in it to go farther down..same mistake later again.
If you ever have a webinar on how to properly scale out our trades, how to manage the exits..let me know. I would like to get better in the selling/covering part of trading too. For now, I am getting good at recognizing a setup, and pick a nice entry point.

Gravatar Sayed
March 02, 2015

Great entry. All u had to do is place a top right above that trend line and let it do its thing.http://prntscr.com/6bzreh

Gravatar ivanka_BOWS
March 04, 2015

Thanks Sayed, nice line, I will try to do this next time.

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