Daily over extended and had some heavy selling off highs. Entry wasn't great, looking at the 1minute I should have waited for that flag that formed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-15 11:22:44 | XON | sell | $38.510 | short |
2015-01-15 11:30:27 | XON | buy | $37.800 | short |
2015-01-15 11:31:02 | XON | buy | $37.700 | short |
2015-01-15 11:35:03 | XON | buy | $37.370 | short |
2015-01-15 11:36:13 | XON | buy | $37.010 | 0 |
Thanks for the comment Ben. I am going to be trying a new exit strategy tomorrow doing just that. Got the idea from the interview with Jonny Brill. Exit half at 1 r/r and let the rest ride. We will see how I do with it.
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Your covers on this were too quick but you said that. It takes patience and discipline to cover some for profit, set a stop and let the rest ride.