I am happy with my stock selection and strategy to buy this huge gap down but I didn't preplan the trade to really manage my entry and exits well. I should have been clear on what I was risking which I knew was about $.50 cents approximately but I didn't have a clear number. Also, I knew the resistance was really at 160-165 and I could have held it longer but I was nervous that the initial bounce would bring in short sellers so I sold into the initial leg up. What I could have done better was set better risk parameters and stops.
position size was appropriate at 1.5% /300 shares
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-03 09:50:45 | SPLK | buy | $154.390 | long |
2020-12-03 09:51:37 | SPLK | buy | $155.220 | long |
2020-12-03 09:55:23 | SPLK | buy | $155.660 | long |
2020-12-03 09:57:05 | SPLK | sell | $156.250 | long |
2020-12-03 09:57:52 | SPLK | sell | $157.110 | long |
2020-12-03 10:06:23 | SPLK | sell | $155.920 | long |
2020-12-03 10:07:41 | SPLK | sell | $156.550 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!