LQDT Trade on May 8, 2014 09:43 from chanel: Tradervue User Stock Trades.

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Shared by:
chanel

 

Gapped down, then formed a tight flag, entered at the break, and rode it down.

Testing my level 2 reading skills. Level 2 played a significant role in this trade by reading the volume and understanding the buying patterns, I knew when to stay in the trade and when to get out.

Using the 2 min chart helped get a clean entry and a reasonable stop-loss.


Execution detail:

Date/time Symbol Side Price Position
2014-05-08 09:43:01 LQDT sell $13.240 short
2014-05-08 09:43:01 LQDT sell $13.240 short
2014-05-08 09:43:03 LQDT sell $13.250 short
2014-05-08 09:43:03 LQDT sell $13.250 short
2014-05-08 09:43:03 LQDT sell $13.250 short
2014-05-08 10:08:25 LQDT buy $12.270 short
2014-05-08 10:08:25 LQDT buy $12.270 short
2014-05-08 10:08:26 LQDT buy $12.270 short
2014-05-08 10:08:26 LQDT buy $12.265 short
2014-05-08 10:08:26 LQDT buy $12.270 0

Comments

Gravatar bodogtrader
May 08, 2014

Awesome trade!!

Gravatar Goku_A7
May 08, 2014

Perfect! Awesome entry.

Gravatar Nick19_BOWS
May 08, 2014

wow that nice trade.. awesome job!!!!

Gravatar kunal00
May 08, 2014

OMG TRADE FO THE DAY.

Gravatar Patti-Garland
May 08, 2014

Excellent thought process and execution!!!

Gravatar David_BOWS
May 08, 2014

Damn that's impressive. Good job!

Gravatar Sayed
May 08, 2014

Love the entry and exit.

Gravatar Markmandy54
May 09, 2014

Fantastic sell and cover

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