Shared by
greenspud_BOWS
Fought trend, double dipped, should have been tigher on the stop. Risk management fail. At least I had risk management and exited once I realized what I was doing rather than waiting for the pain to get unbearable. But still, I need to improve on my quickness in situations like these. The wide spread and slow prints had me confounded rather than reactive accordingly.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-12 09:39:30 | CALA | sell | $21.410 | short |
| 2014-12-12 09:39:30 | CALA | sell | $21.420 | short |
| 2014-12-12 09:49:51 | CALA | buy | $22.100 | short |
| 2014-12-12 10:02:35 | CALA | buy | $22.660 | 0 |
| 2014-12-12 10:59:40 | CALA | sell | $21.805 | short |
| 2014-12-12 10:59:40 | CALA | sell | $21.750 | short |
| 2014-12-12 11:07:39 | CALA | sell | $22.080 | short |
| 2014-12-12 11:14:51 | CALA | sell | $22.200 | short |
| 2014-12-12 11:38:21 | CALA | sell | $23.080 | short |
| 2014-12-12 11:46:25 | CALA | buy | $23.660 | short |
| 2014-12-12 11:46:25 | CALA | buy | $23.660 | short |
| 2014-12-12 11:46:47 | CALA | buy | $23.660 | short |
| 2014-12-12 11:46:47 | CALA | buy | $23.660 | short |
| 2014-12-12 11:47:23 | CALA | buy | $23.660 | 0 |
Comments
Nape_BOWS
There is a daily setup which is a parabolic short that you would be looking for, but no intraday setup to short.
greenspud_BOWS
This is a setup which I call "orb-overextended-daily". Still experimenting on this one, but here's how I classify it in my journal:
orb-overextended-daily (9:30am-10am) - Bearish setup for when the very open is weak. May form a triangle that breaks down. But the daily chart must be very extended. This setup includes the gap-n-crap play and wxyz setup. This one tends to have a higher risk of failure because it may still be in the front end of the daily parabolic move.
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No setup here. Not sure what you are seeing when you enter the trade.