Grade=D
The setup: break of opening price after retracement
The result: It didn't work out. This is only a 2-tapper at this point and I should have waited for some tight consolidation or a 3rd tap, which did come later.
The lesson: This was a pretty speculative idea. The position was small (50 shares) and I'm sure it was for this reason, but I don't need to run this type of experiment. If it's going to break that price let it break, or let it set up in a more reliable way.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-07-09 10:19:14 | YOKU | sell | $21.020 | short |
2015-07-09 10:19:39 | YOKU | buy | $21.050 | 0 |
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