Shared by
TrendSupporter
Short Sell
Entry on this was good, I waited for vwap to reclaim and entered there. My target was prev. day a/h around 36.25 and was risking 3.74, which was over last high. Trade worked immediately and couldn't exit quick enough to grab the .50c so I waited patiently and got stopped out. The volume on the candle I entered wasn't high but higher the previous few on the minute chart.
One lesson I know but didn't execute is if whole dollar holds respect it and I should've cut losses there. Overall stuck to my plan and this one just didn't work out. One other reason I should've not traded is that it was a earnings winner but it stuffed the multi week resistance of 38 twice and just because a stock is an earnings winner it doesn't mean it will continue up.
Grade B
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-22 10:05:00 | JWN | sell | $37.200 | short |
| 2019-11-22 10:36:00 | JWN | buy | $37.741 | 0 |
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