YRCW Trade on Jan 27, 2014 09:52 from BScripter_BOWS: Tradervue User Stock Trades.

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BScripter_BOWS

 

Gapped up towards the breakout spot around $21 but faded immediately so I thought it would retreat throughout the day, especially since the overall market was dumping. I shorted it on the first pullback to the VWAP, once I had confirmation that the VWAP was going to hold. Sold off two blocks of shares and kept some as a lotto. After lunch there was a day long flag so I shorted additional shares. Moved sideways for a while, then dumped. I scaled out a little quickly as I didn't think it would keep dropping as fast as it did...I think the stochastics were reading .005 when I sold off my final shares so I figured it wouldn't drop much lower but I left about $1 on the table.


Execution detail:

Date/time Symbol Side Price Position
2014-01-27 09:52:33 YRCW sell $19.920 short
2014-01-27 10:04:03 YRCW buy $19.650 short
2014-01-27 11:11:11 YRCW buy $19.290 short
2014-01-27 13:09:41 YRCW sell $19.380 short
2014-01-27 15:01:56 YRCW buy $18.840 short
2014-01-27 15:15:23 YRCW buy $18.650 short
2014-01-27 15:20:20 YRCW buy $18.050 short
2014-01-27 15:21:57 YRCW buy $17.380 0

Comments

Gravatar natelau
January 29, 2014

Nice trade! I find it hard to be short biased when the stock gapped up so much in the morning (sign of strength) but I like your explanation. Good work and nice scale outs!

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