Shared by
daveinzone
JPM Short
Entries:
- Shorted .70c once the Bid could not hold above and was below technical support of 35.75
- Added below .60c when the Bid got whacked with some size bringing my avg cost to 35.67
- Covered half at B/E when the .60c Bid reappeared and held...
- Re-shorted .69c when the Bid could not stay above .70c
- Stop .04c and a hold on the Bid above .70c
Exits:
- Took a little piece off at .62c to take some risk off (quite honest I chickened out. I should have held once .75c held the offer)
- Covered another piece at .43c (technical support on the charts)
- Covered the balance at .33c once I saw .26's do some buying...
All in all - Not a bad trade from a Risk/Reward standpoint...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-07-16 09:33:30 | JPM | sell | $35.700 | short |
| 2012-07-16 09:39:04 | JPM | sell | $35.590 | short |
| 2012-07-16 09:42:35 | JPM | buy | $35.670 | short |
| 2012-07-16 09:43:56 | JPM | sell | $35.690 | short |
| 2012-07-16 09:45:24 | JPM | buy | $35.620 | short |
| 2012-07-16 09:53:15 | JPM | buy | $35.430 | short |
| 2012-07-16 09:55:49 | JPM | buy | $35.330 | 0 |
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