Shared by
JensW
- Solid day
- Better position management
- Better patience
- Too many trades
Setup: --------------------------Intraday Bear Flag
Entry: --------------------------38.58
Shares: -------------------------200
Stop: ---------------------------39.90
T1: -----------------------------38.0
T2: -----------------------------
Reward:Risk Ratio (T1): ---------2
Exit: ---------------------------38.90
Profit/(Loss) Without Commission:--- -64.00
Comments:
- Have made this same mistake 50+ times
- Gap down in the morning
- Stock grinds up
- I think it will stop and find resistance at VWAP or moving averages
- It does not find resistance there and grinds higher
- Need to catch stocks in downtrend for shorts and not in uptrends
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-21 10:17:05 | ARMH | sell | $38.580 | short |
| 2014-10-21 10:20:24 | ARMH | buy | $38.900 | short |
| 2014-10-21 10:20:24 | ARMH | buy | $38.900 | 0 |
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