Shared by
ToqueX
Grade=C
The setup: short the pop
The result: The entry looks good and I scaled out. I could have been more confident with my last part of the postition to hold through and catch the next move to 57.75 or so. A slightly looser stop could have kept me in this one, however I was probably not expecting too much movement at that point. I was thinking price discovery, and perhaps no major move until later in the day.
The lesson: Consider a looser stop if you see a larger bear flag forming (which I can kind of see now)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-20 11:27:26 | CALM | sell | $58.690 | short |
| 2015-05-20 11:29:58 | CALM | buy | $58.500 | short |
| 2015-05-20 11:37:46 | CALM | buy | $58.400 | short |
| 2015-05-20 11:39:44 | CALM | buy | $58.530 | 0 |
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