Shared by:
bodogtrader
My question on this trade is this: should I have covered up when I did? One of my reasons to sell list is (on shorts atleast) if it pops over the EMAs I like to cover. I'm kicking myself since it flushed again after.
I've been noticing that DANG pops up in the morning and can't seem to hold the bounce. Shorted once it broke thru the 9EMA. I was skeptical taking it because Kuanl was in this long. I gave 30 cents back when it popped back up. I covered when it broke above the 20EMA. I guess that was a little early but oh well green is green.
Execution detail:
Comments
Gena_BOWS
To answer your question - you should have set at least a partial cover at lod area. I notice on all your short trades today, you don't tend to do that. So that might be something to work on. You can just set an auto-cover, if that makes it easier.
Nape_BOWS
As it was approaching an area of support you could have covered half your position around $12.30. It never broke above the vwap so your other half position you could have put the stop at buy price.
kunal00
got to cover this at 12.3 if it gets to 12.3 and its based out then its a brkdown.. if it gets to 12.3 and its extended its a bounce spot off support!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Yeah, this was a tricky one today. I shorted it too (earlier), got stopped out. Then longed it for r/g, got stopped out. Double boo! But you waited till later in the morning - very smart. And you are right, DANG does tend to pop and fade - everyday for like 2 weeks now. Good eye