ESPR Trade on Mar 25, 2015 09:36 from EliBrown: Tradervue User Stock Trades.

I have been watching this stock from day one of its frontside move at 83.00. I shorted it on Monday but I was a day early. The backside of the move came yesterday as it cracked 110.00 and closed at 102.53. I missed this so I was looking for a continuation today for a short opportunity.

I was watching the 1 minute at the open and watched it pop above 103.00 resistance but it hit some heavy selling pressure at 104.00. Ideally I would have liked to short this on the second red candle as the 104.00 resistance held. Instead I waited for it to go red and went short 175 shares at 101.13. I kept a tight stop at 101.78. If it was to bounce and make a lower high I would get stopped out and look to re-short. Luckily it cracked below 100.00 right after so I was confident it would begin to dump. I scaled out 100 shares at 97.19 to protect some of my gains. I kept a core position of 75 shares and was looking to scalp around this core as it continued to flush but keeping the core as my cushion. I shorted 50 shares at 97.18 and placed a stop at 98.05. I covered these shares at 96.07. I shorted another 50 shares on a short bear flag at 94.64 and placed a stop at 95.22. I could have been a bit more patient here but I had a substantial gain on the trade so I was weary of giving to much back. I covered these 50 shares at 93.92. I covered up another 50 shares of my core position on another short bear flag at 93.23. I covered up the remaining 25 shares at 92.17 but this was a mistake. I left quite a bit on the table and had no real reason to cover.

When the stock bounced off of 87.14 support I shorted another 100 shares. My short entry was at 89.75 and I placed a stop at 90.43. I was a bit to early and should have waited for it to break the trend line before shorting. I also had to tight of a stop because I didn't want to give to much of my gains back. I ended up getting stopped out at 90.44.

Overall this was one of my biggest trades to date, however, I could have managed it a bit better and been a bit more patient before taking profits.