Shared by
JensW
Goal for day: Very tight risk managment, keep losses to max. 50-60 per trade
Setup: --------------------------Intraday Breakdown
Entry: --------------------------76.42
Shares: -------------------------200
Stop: ---------------------------76.60
T1: -----------------------------76
T2: -----------------------------
Reward:Risk Ratio (T1): ---------2
Exit: ---------------------------76.58
Profit/(Loss) Without Commission:--- -31.00
Comments:
- Huge opportunity cost on this trade
- Stop was too tight
- Stock dropped to 75.5
- Could have been a 4 R trade
- For higher priced stocks, need to take smaller size and have wider stops
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-07 12:58:55 | YY | sell | $76.420 | short |
| 2014-10-07 12:59:40 | YY | sell | $76.425 | short |
| 2014-10-07 13:24:56 | YY | buy | $76.580 | short |
| 2014-10-07 13:25:12 | YY | buy | $76.575 | 0 |
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