Shared by
ToqueX
Grade=D
The setup: short the bounce
The result: stopped out
The lesson: This entry could have been better if I were looking for the stock to test 5.50 again, however I still should have been able to get something out of this and I think my stop should have been at 5.50 or slightly above, and perhaps then a slightly smaller position. Ideally a better entry with a spike and some patience to wait for it would have been the way to go.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-06-12 11:16:02 | ESI | sell | $5.340 | short |
| 2015-06-12 11:16:06 | ESI | sell | $5.340 | short |
| 2015-06-12 11:16:23 | ESI | sell | $5.340 | short |
| 2015-06-12 11:18:14 | ESI | buy | $5.390 | short |
| 2015-06-12 11:18:14 | ESI | buy | $5.390 | 0 |
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