Grade=C-
The setup: short the bounce
Back story: I was looking for continuation to the downside from the previous day. I believe the price action before my entry confirmed this. I wanted to short a spike at a lower high and I got close to accomplishing this.
The result: I'm fairly satisfied with the entry and the exits. It just wasn't a very big move. My target was back down to 21.30, but the price was discovered in the middle of the range, as often happens with stocks about this time of day. At glad that by buying high and getting the small move I did better than just breaking even.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-06 10:06:02 | JMEI | sell | $21.520 | short |
2015-05-06 10:06:03 | JMEI | sell | $21.520 | short |
2015-05-06 10:06:10 | JMEI | sell | $21.520 | short |
2015-05-06 10:06:10 | JMEI | sell | $21.520 | short |
2015-05-06 10:10:18 | JMEI | buy | $21.450 | short |
2015-05-06 10:10:25 | JMEI | buy | $21.450 | short |
2015-05-06 10:16:48 | JMEI | buy | $21.450 | short |
2015-05-06 10:16:48 | JMEI | buy | $21.450 | 0 |
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