SINA Trade on Dec 27, 2013 13:48 from johnc_BOWS: Tradervue User Stock Trades.

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johnc_BOWS

 

Visual review on blog

2/8: Mark Manderson had a great point in the comments. These kinds of trades, though often profitable, are too stressful. No matter how extended a stock may seem, when there's strong buying pressure in a stock's daily chart, people will look for cheap buying opportunities. I have missed better trades as a result of having to having to watch these scalps too carefully.


Execution detail:

Date/time Symbol Side Price Position
2013-12-27 13:48:18 SINA sell $83.020 short
2013-12-27 13:48:18 SINA sell $83.020 short
2013-12-27 14:15:09 SINA sell $83.040 short
2013-12-27 14:46:30 SINA buy $82.850 short
2013-12-27 14:47:03 SINA buy $82.850 short
2013-12-27 15:17:27 SINA buy $82.840 short
2013-12-27 15:20:12 SINA buy $82.870 0

Comments

Gravatar markmandy54_BOWS
December 28, 2013

I would have passed on this one. Daily is messy but looks like it wants to get back to 86 or so. I see the short intraday however not sure if warranted the risk as not clear setup among all timeframes.

Gravatar johnc_BOWS
December 30, 2013

Different strokes for different folks. I saw resistance on the daily at an overbought area. It looked extended intraday, and I used to lose money in the past thinking this was flagging when really it was breaking down. 17 cent risk for a potential 60-80 cent flush to the VWAP. What's wrong with that?

Gravatar markmandy54_BOWS
December 30, 2013

If this is one of your goto A+ setups then ain't nothing wrong with that.

Regardless, that's a great R:R so even if it's a 20% probable setup, you still come out ahead. I've noticed for my own trades if daily isn't setup the it lessons the probability a little.

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