Shared by
cyZ
B D looking for exhaustion reversal
se 112.02 -- flagging
add 112.68 -- too aggressive, add on pop, no sign of topping
x1 111.88 -- break below 112.00
add 111.70 -- MOB either hold 111.80 area and continue dt or breakout
stop 112.38 -- chased exit on big pop
Summary:
-- too aggressive initial entry and add, much better RR to look for double top type entry
-- too slow on stop, auto stop needed in this MOB type of situation
-- I was very conscious of giveback rule
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-16 10:09:01 | SLXP | sell | $112.020 | short |
| 2014-12-16 10:09:59 | SLXP | sell | $112.680 | short |
| 2014-12-16 10:14:20 | SLXP | buy | $111.880 | short |
| 2014-12-16 10:29:34 | SLXP | sell | $111.700 | short |
| 2014-12-16 10:30:27 | SLXP | buy | $112.380 | 0 |
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