Grade=D
P/L: -3R
The setup: short the bounce
The result: I should have been mindful that the daiily chart didn't confirm this setup. The stock was trading near the bottom of a bull flag on the daily and I wanted to short it in the bottom part of the intraday range; that's a bad idea even if it looks like a setup from some angle.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-07 10:48:08 | CRR | sell | $41.690 | short |
2015-05-07 10:48:49 | CRR | sell | $41.690 | short |
2015-05-07 10:48:49 | CRR | buy | $41.930 | short |
2015-05-07 10:56:07 | CRR | buy | $42.120 | 0 |
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