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Apr 2, 2019 09:30

Shares traded: 120
Closed Gross P&L: $40.80


Gap Fade Long

Gap Fade:
I entered this trade a little early. After the positive high wick candle at the open I decided that there was the probability of a short term bounce immediately off of the open,
I triggered in at the lowest end of the last overnight candle looking for it move stronger a little quicker than it did. However, moving into next fifteen minutes both the volume and the tape acted bullish.
I did sell on some decreasing momentum in 56.30 range and missed a few cents on the upside.
I am actually very happy with this trade. I needed to fight for price and should have looked more to the wick on the overnight closing candle. When I am working a three minute chart I have plenty of time to make a better decision than I did on this entry. I would not have trade more than those 60 shares as I was running a play that I have very little history.

Execution detail:

Date/time Symbol Qty Price Position
2019-04-02 09:30:22 WBA 60 $55.680 60
2019-04-02 09:51:20 WBA -60 $56.360 0

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