SM Trade on Apr 6, 2015 14:02 from EliBrown: Tradervue User Stock Trades.

Oil made a significant run with USO up 4.95%. When I returned from my break I was looking for a pullback to short into. I anticipated SM to pullback after it seemed to be losing steam at 55.00 with multiple tests through the 9 EMA. I shorted 300 shares at 55.01 and placed a stop at 55.08. I covered 100 shares at 54.74 and the remaining 200 at 54.88. A lot more patience was needed. I should have just let the stock play out as it was giving me no reason to cover.

Execution detail:

Date/time Symbol Side Price Position

2015-04-06 14:02:43 SM sell $55.010 short

2015-04-06 14:16:03 SM buy $54.740 short

2015-04-06 14:27:08 SM buy $54.880 0

Date/time	Symbol	Side	Price	Position
2015-04-06 14:02:43	SM	sell	$55.010	short
2015-04-06 14:16:03	SM	buy	$54.740	short
2015-04-06 14:27:08	SM	buy	$54.880	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=2288051&end=20150506&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=2288051&end=20150406160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=2288051&end=20150406144908&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

StevenBurt_BOWS

April 06, 2015

I think you did good by getting out when it remounted the ma's. Gotta have that discipline. Good job.

Griffen

April 07, 2015

Nice trade man!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in

SM Trade on Apr 6, 2015 14:02 from EliBrown: Tradervue User Stock Trades.

Comments

Editor syntax