short off pb from gap down, above vwap but looked good, TICK<0 and TRIN>1 though TRIN close to 1. SPY seemed to be reversing on 5m
stop: 52.24
target: 50.32
I scaled half at the first target, then more as it pushed lowre. I was too slow closing out the last bit as it reversed, should have at least hit it at .32 from the way it was behaving. I have deer-in-headlights too often on setups and on the trail.
Another option may be to just sell half on the 2nd scaleouts, I think they tend to be good spots and holding 1/4 rarely pays enough extra to be worth it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-25 10:07:00 | VLO | sell | $51.430 | short |
2014-06-25 12:24:30 | VLO | buy | $50.320 | short |
2014-06-25 12:39:08 | VLO | buy | $50.160 | short |
2014-06-25 12:57:01 | VLO | buy | $50.520 | 0 |
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