Shared by
JensW
Goal for day: Very tight risk managment, keep losses to max. 50-60 per trade
Setup: --------------------------Intraday Bear Flag
Entry: --------------------------64.67
Shares: -------------------------100
Stop: ---------------------------65
T1: -----------------------------64
T2: -----------------------------
Reward:Risk Ratio (T1): ---------2
Exit: ---------------------------64.96
Profit/(Loss) Without Commission:--- -29.0
Comments:
- Misinterpreted this chart
- Similar mistake made several times before
- Momentum is up,up,up, clearly seen by EMAs, etc.
- I short when there is some sign of weakness
- Howeverm weakness is a bull flag and not a bear flag
- Need to fix this mistake
(huge issues with prodigio all day, numbers might be a little off)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-13 11:07:15 | DATA | sell | $64.670 | short |
| 2014-10-13 11:10:53 | DATA | buy | $64.960 | 0 |
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