Shared by
markriehm_BOWS
Followed Kunal short, after analyzing. Added to position. It broke consolidation up.
I noticed it had kept a price support range very consistently during consolidation. When it eventually broke support, I should have covered then, instead of waiting for it to stop out. It would have saved me money.
The final trade was due to my user error, where I didn't exit correctly. I caught it an hour later when I noticed I still had a position. Fortunately it didn't kill me.
Lesson: always check my order book to ensure I pressed the right buttons and exited as intended.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-06-27 10:09:04 | MTW | sell | $32.170 | short |
| 2014-06-27 10:23:30 | MTW | buy | $32.380 | short |
| 2014-06-27 10:23:38 | MTW | buy | $32.359 | 0 |
| 2014-06-27 10:41:20 | MTW | sell | $32.280 | short |
| 2014-06-27 10:50:59 | MTW | sell | $32.170 | short |
| 2014-06-27 11:53:40 | MTW | buy | $32.437 | 0 |
Comments
Nape_BOWS
I believe price support on daily chart held it up..http://screencast.com/t/KNoRCj0D
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Followed Kunal short, after analyzing. Added to position. It broke consolidation up.
I noticed it had kept a price support range very consistently during consolidation. When it eventually broke support, I should have covered then, instead of waiting for it to stop out. It would have saved me money.
The final trade was due to my user error, where I didn't exit correctly. I caught it an hour later when I noticed I still had a position. Fortunately it didn't kill me.
Lesson: always check my order book to ensure I pressed the right buttons and exited as intended.