Shared by
traderdrei
Went short at market open for the sell off. Could have held a little longer. I need to setup some rules to be able to do so. Until then, I'll stick to my bread and butter. Totally saw the reversal. But I had no more buying power. Oh the woes of a non-PDT account. Oh well, someday we'll get there. Until then, I need to stay consistent with my strategy and just be consistent with executions and risk management. Maybe next time I'll leave some runners and set a bracket order of breakeven stop loss and 2x or 3x the usual target profit. I don't know. Someday we'll know, I guess.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-08 09:30:55 | 12 MAR 21 590 PUT | buy | $24.930 | long |
| 2021-03-08 09:31:25 | 12 MAR 21 590 PUT | sell | $26.050 | long |
| 2021-03-08 09:31:38 | 12 MAR 21 590 PUT | sell | $27.050 | 0 |
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