Shared by
CapitalMastery
Summary
Rehit JNCE on the afternoon pop once I saw a 5min cup to the downside form; wasn't much meat, but took it to the 20min20ma for a quick solid scalp/trade.
Why Was I in This Trade?
Stock was broken, and still had room to target, so shorted the afternoon spike once it started to break down.
Did Right
Waited for a valid entry signal before putting on the trade, and using the 20min20ma to guide my exit.
Did Wrong
Honestly, this was a clean/disciplined process based trade. No complaints.
Improvements
Probably could have taken an anticipation entry on this one since the 5min cup was fairly clear; would have nearly doubled the PNL on this trade.
Next Trade
JNCE still hasn't broke down, and still a good bit of meat left. Given the dilution in place, I expect more downside; hopefully we get a spike on open to short.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-01 14:44:30 | JNCE | sell | $7.510 | short |
| 2020-09-01 14:44:32 | JNCE | sell | $7.480 | short |
| 2020-09-01 14:44:33 | JNCE | sell | $7.500 | short |
| 2020-09-01 14:44:36 | JNCE | sell | $7.500 | short |
| 2020-09-01 14:44:39 | JNCE | sell | $7.510 | short |
| 2020-09-01 14:59:01 | JNCE | buy | $7.339 | short |
| 2020-09-01 14:59:13 | JNCE | buy | $7.270 | short |
| 2020-09-01 14:59:27 | JNCE | buy | $7.260 | short |
| 2020-09-01 14:59:27 | JNCE | buy | $7.260 | short |
| 2020-09-01 14:59:39 | JNCE | buy | $7.280 | short |
| 2020-09-01 15:00:20 | JNCE | buy | $7.300 | 0 |
Comments
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nice job