Shared by
WerdUp_BoWS
+0.5R, -0.36R, +0.9R - Kind of a reverse squeeze play here - up big all day, then finally starting to roll over triggering some stops, helping fade lower - I entered 3 different times.
Trade 1: I entered on a bear flag break on the 1-min to get a good entry, hoping to get follow thru breakdown through 49. I covered 1/2 on initial flush but it bounced w/volume back to my buy price, so covered the other 1/2 flat. +$80
Trade 2: Jumped the gun on the entry so I exited when it looked bouncy. -$45
Trade 3: Shorted on break of 49, covered 1/2 into the flush, didn't get a ton of follow thru on the rest of it, so I covered it up at 49.88. +$135
Net = +$170
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-30 13:40:29 | CRM | sell | $49.350 | short |
| 2013-08-30 13:44:47 | CRM | buy | $49.150 | short |
| 2013-08-30 13:46:48 | CRM | buy | $49.350 | 0 |
| 2013-08-30 13:59:58 | CRM | sell | $49.010 | short |
| 2013-08-30 14:03:23 | CRM | buy | $49.100 | 0 |
| 2013-08-30 14:06:58 | CRM | sell | $48.980 | short |
| 2013-08-30 14:12:00 | CRM | buy | $48.810 | short |
| 2013-08-30 14:20:07 | CRM | buy | $48.880 | 0 |
Comments
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oh man.. just keep the first one and let it ride.. this is a lot of scalping. its hard to make big money unless u go for the bigger move.