Waited for a trend break, lower high risking 3.50. Chased on the 2nd entry. I wasn't too confident in the plan so I covered some early to take off some risk. Covered in small washes, probably covered last shares too early.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-26 11:49:40 | VGGL | sell | $3.410 | short |
2014-11-26 11:53:16 | VGGL | sell | $3.370 | short |
2014-11-26 12:16:14 | VGGL | buy | $3.350 | short |
2014-11-26 12:16:23 | VGGL | buy | $3.340 | short |
2014-11-26 12:41:21 | VGGL | buy | $3.275 | short |
2014-11-26 12:54:10 | VGGL | buy | $3.220 | short |
2014-11-26 12:56:19 | VGGL | buy | $3.190 | short |
2014-11-26 12:59:19 | VGGL | buy | $3.170 | 0 |
Only thing I would change is that first cover. Aim for the big picture.Set your stop and let the trade play out.
"set your stop and let the trade play out" - Yep, I need to work on this everyday. I often times cut half too quickly because I'm afraid to lose any profits. Need to be more confident in these and let it work itself out.
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This is good. Nice work.