Probably went in with too much size here, as I would have only gone in 1/2 of that if I were live......
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-10 13:49:00 | RCPT | sell | $58.930 | short |
2014-09-10 14:33:00 | RCPT | buy | $57.400 | short |
2014-09-10 14:37:00 | RCPT | buy | $57.090 | 0 |
Well, this one really wasn't a good entry, in that it was risky. There was no set up for the short/ The only thing I went on is the price trendline - if you draw a line (on the 5min chart) from the two pops at about 10:15 and again at 12:15ish, it made sense that it would again come down from that. BUT, it was really a questionable trade, a questionable entry. I got lucky. So don't analyze this trade and think this is the way it should be done, because it shouldn't!!
Thanks Gena. You have really good timings for all the trades you've made !
I feel like I can "see the matrix" sometimes - I don't know how to explain it, but after watching stocks for so long, day in day out, tick by tick, it's like you get to know them, you get to know what is going to happen to some degree. But, I am still in the simulator after having been live 4 times now. When I am live, I freeze, I over-analyze, or I chase or hold too long when it's a losing trade. I just don't understand it!
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Really nice trade ! How did you decide it was the time to enter short on this one ? and did you have a stop loss ? thanks