MU Trade on Oct 21, 2015 10:09 from ToqueX: Tradervue User Stock Trades.

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ToqueX

Grade=D
P/L: -0.8R

Entry: short the bounce within a downtrend

Result: Got stopped out when it broke above the VWAP and kept going and even broke the previous day's high.

Lesson: After it broke the VWAP I could have gotten out more quickly, but I held on and let it hit my stop. It seemed like a reasonable idea. I could have been more cognizant of the market as a whole and the possibility that MU would bounce back and find its footing after the previous day's selloff on news from its competitors.

Execution detail:

Date/time Symbol Side Price Position

2015-10-21 10:09:03 MU sell $16.200 short

2015-10-21 10:26:09 MU buy $16.400 0

Date/time	Symbol	Side	Price	Position
2015-10-21 10:09:03	MU	sell	$16.200	short
2015-10-21 10:26:09	MU	buy	$16.400	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=3698747&end=20151120&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=3698747&end=20151021160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=3698747&end=20151021125109&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=3698747&end=20151021105009&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Sayed

October 26, 2015

Since the stock had a big dump day b4, i would have waited for a better setup.Shorts work better after a small bounce and then back to red, If they flush at open after big dump previous day, thing gets tricky as many short will cover causing the stock to pop.

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MU Trade on Oct 21, 2015 10:09 from ToqueX: Tradervue User Stock Trades.

Comments

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