PENN Trade on Oct 26, 2020 10:06 from denlitvinn: Tradervue User Stock Trades.

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denlitvinn

 

set up 6/10:
good: below 62 level on daily, obvious downtrend on daily, the stock closed the gap and became heavy at the resistance, shorting right after the support on 1 min is broken.
bad: 61.50 was a noticable resistance that could have reversed the stock

entry 8/10:
bad: could have shorted sooner, right after the break. Could have added below 61.50 after retesting on 1 min

exit 5/10:
good: exiting at good prices after acceleration.
bad: Could have left bigger core for my target potential of 60.0. Covered too soon at 61.50, the potential was too shallow.

Note: Before entering the trade need to make sure I outline all potentials and weigh them before entering otherwise I might exit too soon like at the level 61.50. This set up might not have been good enough to enter for the same reason. Should keep bigger core position for target potential (only 20% in this trade)


Execution detail:

Date/time Symbol Side Price Position
2020-10-26 10:06:33 PENN sell $62.070 short
2020-10-26 10:17:21 PENN buy $61.490 short
2020-10-26 10:17:52 PENN buy $61.530 short
2020-10-26 10:58:32 PENN buy $60.300 short
2020-10-26 11:03:49 PENN buy $59.900 short
2020-10-26 11:11:01 PENN buy $60.120 0


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