Thursday, April 2, 2015

Anatomy of a Parabolic Short: Day Trading Technique


Hey folks,

Here's a Day Trade i made today in my personal account. It was a very slow day in the market but while running my INTRA DAY scans i saw this trade setup and here's how i played it. I rarely short stocks in a bull market but this one was a rare exception.

I like to use BOLLINGER BANDS to help spot potential OverSold and/or OverBought stocks to Buy or Selll(short).

Note: this trade for experienced traders only. Rookies, please stay away from this type of trade setups until you get some more screen time under your belt.

I entered the trade in 3 separate pieces and averaged entry was $21.85-ish while holding 13,000 shares. This trade was good for a quick $2000.00 gain... coulda, woulda, shoulda been much much bigger with a lil more patience but as you already know, i am the "impatient trader". 
My stop loss was 10 cents above the $22.00 round number. 

Hope it helps!







DateSymbolSubjectAction
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 1400 GSM @ $21.6699Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 300 GSM @ $21.668Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 300 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 400 GSM @ $21.6699Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.66Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:23 PM ETGSM Bought to Cover 16 GSM @ $21.7Executed
4/2/2015 3:01:12 PM ETGSM Bought to Cover 600 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 4500 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 2420 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 300 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 800 GSM @ $21.7Executed
4/2/2015 3:01:10 PM ETGSM Bought to Cover 100 GSM @ $21.7Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.628Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 51 GSM @ $21.62Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 153 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 6 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.65Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 54 GSM @ $21.65Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.65Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 500 GSM @ $21.9316Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 65 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 403 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 92 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 46 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 54 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 40 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 200 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 1800 GSM @ $21.86Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 100 GSM @ $21.86Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 400 GSM @ $21.8666Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 2700 GSM @ $21.8666Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.77Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.77Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.77Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 400 GSM @ $21.7601Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 115 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 200 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 285 GSM @ $21.74Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 2200 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 800 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76

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