Shared by
JensW
Goal for day: Very tight risk managment, keep losses to max. 50-60 per trade
Setup: --------------------------Intraday Bear Flag
Entry: --------------------------19.97
Shares: -------------------------500
Stop: ---------------------------20.07
T1: -----------------------------19.80
T2: -----------------------------
Reward:Risk Ratio (T1): ---------1.7
Exit: ---------------------------20.02
Profit/(Loss) Without Commission:--- -23.60
Comments:
- Thought 20 important level that once cracked will be hard to recover
- How wrong I was.
- In hindsight, very bad trade - unnecessary transaction
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-08 12:49:33 | MEMP | sell | $19.970 | short |
| 2014-10-08 12:49:53 | MEMP | sell | $19.970 | short |
| 2014-10-08 13:12:47 | MEMP | buy | $20.010 | short |
| 2014-10-08 13:12:55 | MEMP | buy | $20.019 | 0 |
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