B D looking for pop and failure after gY- announcement
se 43.56 -- impulsive, far too early, need to see it pop to strong level at the least, signs of topping would also add confidence
add 43.82 -- better entry, at pre-halt level and near VWAP
add 44.11 -- excellent entry, seller at 44.25 after HOM 44.32
initially had 43.08 bid to cover; pulled it as it moved down; got greedy
add 43.27 -- bounced off 43.00 LOM; rather impulsive, VWAPse 43.69
add 43.47 -- no real reason, greedy just want more after missing 43.08 exit
add 43.37 -- no real reason, greedy just want more after missing 43.08 exit
add 43.44 -- decent idea, seller at 43.50 not lifting
add 43.45 -- decent idea, seller at 43.50 not lifting
add 43.25 -- add more as it rolls over
add 43.44 -- hail mary, nearing 43.50 area again, looking for it to hold
stopped flat 43.55 on move above 43.50
reenter 43.53 after pop to 43.74, now below VWAPse 43.60 again; not a great entry, dt broken
stopped 43.64
Strong idea, poor execution (RM went AWOL)
Too big size
Improvements:
-- initial entry was impulsive; be more patient, my third entry was the main place to enter
-- scale out at strong levels, 43.08 would have been a good cover
-- didn't pay attention to the bigger picture. It was a very strong reversal off the bottom at 43.00, if I do add, it needs to be a good levels, like the adds just below held 43.50 seller.
-- watch for revenge adds after missing the first scale out
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-18 13:45:54 | ZTS | sell | $43.560 | short |
2014-11-18 13:47:06 | ZTS | sell | $43.820 | short |
2014-11-18 13:55:28 | ZTS | sell | $44.110 | short |
2014-11-18 14:06:29 | ZTS | sell | $43.270 | short |
2014-11-18 14:09:44 | ZTS | sell | $43.470 | short |
2014-11-18 14:14:35 | ZTS | sell | $43.370 | short |
2014-11-18 14:18:51 | ZTS | sell | $43.440 | short |
2014-11-18 14:19:51 | ZTS | sell | $43.450 | short |
2014-11-18 14:24:26 | ZTS | sell | $43.250 | short |
2014-11-18 14:24:33 | ZTS | sell | $43.320 | short |
2014-11-18 14:26:06 | ZTS | sell | $43.440 | short |
2014-11-18 14:26:56 | ZTS | buy | $43.550 | short |
2014-11-18 14:26:56 | ZTS | buy | $43.550 | short |
2014-11-18 14:26:56 | ZTS | buy | $43.550 | short |
2014-11-18 14:26:56 | ZTS | buy | $43.550 | short |
2014-11-18 14:26:56 | ZTS | buy | $43.550 | short |
2014-11-18 14:26:56 | ZTS | buy | $43.550 | 0 |
2014-11-18 14:29:54 | ZTS | sell | $43.530 | short |
2014-11-18 14:36:03 | ZTS | buy | $43.640 | 0 |
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