Set-up : 10min ORB
Symbol Name: SE
Side : Short
Size : 50
Entry : 28.93
Takes :
Exit : 29.74
P/R :
Comments: I wanted to short SE below premarket consolidation area at 29.5! This was the plan but the execution sucks incredibly! Too much hesitation and I think I am starting to understand why I show such attitude in certain kind of setups. I think I am more long biased, even if I both long and short I have noticed that I am way more relaxed and prompt when I have to long. I need to reflect on this and understand at which extend I can keep a bias being still profitable. BTW I won't change my rules and my approach now but I will be aware that perhaps when shorting I should show way more awareness and confidence.
Second mistake is in the share number. I do not use any pnl on my Lightspeed platform, I close my positions based on the per share pnl. I wanted to give space to the stock to retest my failed entry but with the share size I had this cost me double the loss. Besides the loss I am thinking that perhaps my stop range was a bit too wide.. I will set here my risk at 40$ cause I have traded with the awareness of losing 20$ at 29.74 thus I won't change my risk settings here.
5/24/2019
I realize now that SE was on my BLACKLIST of Stocks to don't trade!
I check the list almost everyday but I did not on May the 22nd!! Pfffff
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-05-22 09:41:13 | SE | sell | $28.930 | short |
2019-05-22 09:47:59 | SE | buy | $29.740 | 0 |
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