YELP Trade on Jul 29, 2015 11:18 from JimFrey: Tradervue User Stock Trades.

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JimFrey

 

I watched the price consolidate and thought it would fade. As I was scaling out, the price started to fade, hence the staggered exit on last two lots. I should have just gotten out and maybe not even taken the trade altogether. Maybe remember to wait for the 20EMA to form a more solid sandwich. This occurred later in the day.


Execution detail:

Date/time Symbol Side Price Position
2015-07-29 11:18:44 YELP sell $24.110 short
2015-07-29 11:47:50 YELP buy $24.400 short
2015-07-29 11:50:19 YELP buy $24.380 short
2015-07-29 11:50:35 YELP buy $24.410 0

Comments

Gravatar StevenBurt_BOWS
August 02, 2015

Too late in the day for a short at the ma9. After the first hour wait for a deeper pullback. Also see how your ma's are starting to flatten and curl up? that can often be a bullish signal to get long if it remounts.

Gravatar JimFrey
August 03, 2015

Thanks Steve! That was a big help immediately. On my CDW trade today, I was on the look out for the higher lows and the curling.

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