UVXY Trade on Sep 10, 2015 13:28 from cwainscott_BOWS: Tradervue User Stock Trades.

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cwainscott_BOWS

 

On my charting software this looked like a flat bottom breakdown. When it got to the level where it tapped I took the trade in anticipation that it would flush and it did. It looks like I chased but I had a gut feeling. The volume bars where pushing to the red side.


Execution detail:

Date/time Symbol Side Price Position
2015-09-10 13:28:00 UVXY sell $66.700 short
2015-09-10 13:33:00 UVXY buy $65.000 short
2015-09-10 13:36:00 UVXY buy $64.490 short
2015-09-10 14:02:00 UVXY buy $64.110 0
2015-09-10 14:28:00 UVXY sell $65.320 short
2015-09-10 14:52:00 UVXY buy $65.810 0

Comments

Gravatar irukandji_BOWS
October 04, 2015

What's interesting is your uncanny knack for knowing when to exit - you seem to call tops and bottoms accurately quite often - why for example, did you exit here around the 65 level?

Gravatar cwainscott_BOWS
October 04, 2015

Well the first exit at the 65 level you can see that the stock is already extended. I chased when I entered so I knew that I wouldn't be able to stay in the stock long before it reached bottom. 65 was my target that I would have liked to hit and I scaled out.

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