Downtrend scalp
Entry comments: CC is a technology chart that was at a new high on Monday. It has been trading above the 10 month SMA. The 50 day EPA is above and diverging from the 100 day EPA. It is in the Keltner channels, so is not overbought. The Chaiken power pulse rates this as being Very Bullish.
Exit comments: Despite all the good spec up front, this tanked on a couple of days that I couldn't get access to the market, and ultimately the price went below my strike. Hopefully this will be the only option I totally lose.
Entry Comments: Purchased 26 shares of CC at 9:44 am for $41.63 using the WORG pattern. Mistakes: Traded a real stock in a tumbling market. This was not a smart move. Exit Comments: Sold 26 shares of CC at 10 am for $41.18 to cut my loss.
Stock: CC Ticker P/L: $21.33 Picture: See TraderSync Strategy: 52W BO Daily Pattern: Setup: VWAP Hold with News Near HOD Why It Did/Didn't Work: Set new 52W high earlier in the day and continued to set higher highs and higher lows. Purchased What I Did Well: Was patient and took profits. Where I Could Have Improved: My target was $42. I sold at $40.92.
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