Shared by
ckz8780
Intraday multiple taps at $24.97, shorted at 24.93 and covered half at $24.62. Then added to the short at 24.73 on the 2nd bounce but that failed so I stopped it flat at $24.83.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-09-04 12:07:45 | ARMH | sell | $24.930 | short |
| 2012-09-04 13:15:36 | ARMH | buy | $24.620 | short |
| 2012-09-04 14:18:02 | ARMH | sell | $24.730 | short |
| 2012-09-04 14:27:11 | ARMH | buy | $24.830 | 0 |
Comments
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hey ok so you caught the breakdown at the perfect spot.. and traded it perfectly. But dont re-enter it on the bounce.. there was no setup. Your setup was perfect the first time but then you completely ruin your first entry by the second trade. Try to avoid doing that! I promise it will make a huge difference in your trading.. I used to do this mistake ALL the time.. and it cost me alot! Now If I catch a stock on the breakdown.. I make it a rule not to re-enter the stock unless I see another BREAKDOWN setup. never on the intraday bounce.. thats really really hard to judge and most of the time the bounce sticks!