Shared by
MAllum_BOWS
Was looking at KORS on the daily for a Rubberband snapback to the upside. then it started falling so I thought it was another down day.
Things I did right
-Took a short position in the range. Calculated risk-adjusted no of shares for a stop 0.2 away from my entry.
Things I did not so good
-Don't know why it took me too long to get out. Clearly I had no hard stop in place. I started a habit of constantly moving my Stop order so that i don't get stopped out on a candle that spikes
Things to do better
-Calculate a Proper distance from my Entry to my stop based on the stock's movements and STICK to it. Stop dragging my stop up and down. It should be at a place which when hit, I know my setup Definitely did not work and I should then Get out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-16 09:59:16 | KORS | sell | $41.020 | short |
| 2016-05-16 10:05:55 | KORS | buy | $41.450 | 0 |
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