Was expecting a much bigger move to the downside, but my plan was to short NKE if it popped on open given the bad earnings, and fact that it was back at the 20ma on daily chart. I initially got stopped out at $98.65, but re-entered once I noticed character change on tape, and saw heavy seller appear. Overall, not really a great trade, but glad I tested the idea out.
It's fine to put a dabble on, but I really shouldn't size into these trades until I get more confirmation. Especially on a strong name like NKE. I was at 200, which is max size for me on this name, without a good reason for being sized in so much. I mean, I wasn't even getting a better average, I literally just accumulated mediocre prices. Need to be better about making trade ideas prove themselves, and earn the risk I'm putting on them.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-08 09:55:37 | NKE | sell | $98.380 | short |
2020-07-08 09:55:42 | NKE | sell | $98.320 | short |
2020-07-08 09:55:42 | NKE | sell | $98.330 | short |
2020-07-08 09:55:42 | NKE | sell | $98.330 | short |
2020-07-08 10:16:41 | NKE | sell | $98.250 | short |
2020-07-08 10:17:01 | NKE | sell | $98.240 | short |
2020-07-08 10:19:16 | NKE | sell | $98.330 | short |
2020-07-08 10:19:23 | NKE | sell | $98.360 | short |
2020-07-08 10:54:59 | NKE | buy | $98.645 | short |
2020-07-08 10:54:59 | NKE | buy | $98.650 | 0 |
2020-07-08 11:01:50 | NKE | sell | $98.551 | short |
2020-07-08 11:01:52 | NKE | sell | $98.530 | short |
2020-07-08 11:01:53 | NKE | sell | $98.460 | short |
2020-07-08 11:01:56 | NKE | sell | $98.470 | short |
2020-07-08 11:01:58 | NKE | sell | $98.470 | short |
2020-07-08 11:01:59 | NKE | sell | $98.470 | short |
2020-07-08 11:02:31 | NKE | sell | $98.370 | short |
2020-07-08 11:02:33 | NKE | sell | $98.360 | short |
2020-07-08 11:02:38 | NKE | sell | $98.400 | short |
2020-07-08 11:21:01 | NKE | buy | $98.040 | short |
2020-07-08 11:21:22 | NKE | buy | $98.050 | short |
2020-07-08 11:21:40 | NKE | buy | $98.010 | short |
2020-07-08 11:21:40 | NKE | buy | $98.010 | short |
2020-07-08 11:21:40 | NKE | buy | $98.010 | short |
2020-07-08 11:21:54 | NKE | buy | $97.982 | short |
2020-07-08 11:22:05 | NKE | buy | $97.991 | 0 |
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