Shared by
JensW
Goal for day: Very tight risk managment, keep losses to max. 50-60 per trade
Setup: --------------------------Shorting daily runner
Entry: --------------------------9.81
Shares: -------------------------500
Stop: ---------------------------9.91
T1: -----------------------------8.61
T2: -----------------------------
Reward:Risk Ratio (T1): ---------2
Exit: ---------------------------9.83 on average
Profit/(Loss) Without Commission:--- -9.33
Comments:
- Was a risky trade
- Was up more than 2 R and got greedy
- I realized that it is because of greed that I don't take losses
- Should have taken 300 shares at 9.575 and not just 100
- Had good trades on ESI later on
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-17 11:28:51 | ESI | sell | $9.810 | short |
| 2014-10-17 11:28:52 | ESI | sell | $9.810 | short |
| 2014-10-17 11:34:17 | ESI | buy | $9.575 | short |
| 2014-10-17 11:34:17 | ESI | buy | $9.580 | short |
| 2014-10-17 11:49:01 | ESI | buy | $9.993 | short |
| 2014-10-17 11:49:01 | ESI | buy | $9.995 | short |
| 2014-10-17 11:49:01 | ESI | buy | $10.000 | 0 |
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