SundiSup's Day Trades: $LULU

So I've never really liked $LULU as a day trading stock, like $COH it fakes a lot! Ahhh it makes me cringe when stocks fake me out. I don't know whats up with these HIGH END clothing stocks but they are full of fakes...ah whatever.(#1 most hated day trading stock on my list = $COH). If $COH was the last stock on earth I'd retire from day trading. I had to give $LULU a really really big stop loss (what that means is that I gave the play a lot of room for it to prove me wrong) Remember yesterday? Yesterday I traded 500 shares because my stop loss was only about .08 cents, today I only traded 80 shares because I gave $LULU about .65 cents to prove me wrong. But you know what? I made approximately the same amount yesterday with my 500 share short and also a bittttt more today with my 80 share short. That is the key to consistency, same results, doesn't matter what I trade.

So here is the play, Oh wait let me show a picture of my trading plan this morning and what I wrote down for $LULU before the market open.

My ugly writing says: 69.80 - let move up...a lot of support. But surprisingly after the open the market climbed higher and $LULU consolidated a bit after doing crazy stuff. I liked this. That is a sign of weakness.

Enjoy my two charts. The first chart is the play in detail and what I saw and how I set up my risk / reward and traded $LULU and the second chart is a 5 minute chart just highlighting all my exits and profit taking areas.

1 Minute Detail of the Short Play:

Right Click Chart, Open in New Tab