Shared by
ToqueX
Grade=D
The setup: pullback
The result: It was a pretty choppy pullback and far from being a nice setup with tight risk. I got a tiny piece of it and got the heck out.
The lesson: This could be classified under "boredom trading" and I need to stay out of the chop. If 9.00 had held, then the case for this actually being a pullback would be more valid. This turned out to be a bounce in a downtrend and the 9.00 mark would have been my signal to notice this or at least that that was a high probability.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-14 10:36:51 | PTBI | buy | $9.000 | long |
| 2015-05-14 10:36:51 | PTBI | buy | $9.000 | long |
| 2015-05-14 10:48:00 | PTBI | sell | $9.040 | long |
| 2015-05-14 10:53:42 | PTBI | sell | $9.000 | 0 |
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