I took the two shorts on MNST today off overnight resistance. I did outline this in trading prep today.
But, if the plan is to short off 63.00, shorting at 62.76 is not the game plan. I think this may have lead to my lack of confirmation when the tape looked like it hold under for at least a little while. The second short was still not quite the 63. I feel like if I would have taken the first trade at 63.00 and got stopped out that this trade would have been a better statistical representation of a resistance play.
I did also mention that I should wait until 8:15mst to make any trade decision on anything that I had a plan for. So, with that being I still need to work on sticking to my morning game plan. I developing a bias from there especially on trades that I plan to hold for thirty or forty minutes.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-05-03 10:07:13 | MNST | sell | $62.780 | short |
2019-05-03 10:12:20 | MNST | buy | $63.090 | 0 |
2019-05-03 10:25:53 | MNST | sell | $62.961 | short |
2019-05-03 10:40:59 | MNST | buy | $63.310 | 0 |
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