Shared by
silverholden
I wanted a pullback after the prior day large gain. Entered when it broke LOD. Stop above top off previous candle. When it bounced before my target and was apparent that it was not going to pull back, I exited flat. I am happy with my exit when I recognized that the trade was going against me and the setup was invalid. My entry should have been when the VWAP and 9 EMA were pierced rather than wait for LOD.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-09-18 10:09:45 | RJET | sell | $11.360 | short |
| 2014-09-18 10:09:45 | RJET | sell | $11.360 | short |
| 2014-09-18 10:09:45 | RJET | sell | $11.360 | short |
| 2014-09-18 10:10:06 | RJET | sell | $11.360 | short |
| 2014-09-18 10:10:06 | RJET | sell | $11.360 | short |
| 2014-09-18 10:10:06 | RJET | sell | $11.360 | short |
| 2014-09-18 10:34:31 | RJET | buy | $11.360 | short |
| 2014-09-18 10:34:31 | RJET | buy | $11.360 | short |
| 2014-09-18 10:34:31 | RJET | buy | $11.360 | 0 |
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