What was happening in the market
Dick's Sporting Goods' (DKS) fiscal Q1 results topped expectations as stimulus payments helped push same store sales 115% higher. Analyst says risk remain. Given this, I expected the peak to be short-lived
What was the set-up
Up-trending on the 30 minute chart with the expectation of reversal
What did I trade it
Traded it long. I traded it focusing of the result of the previous trade as opposed to my analysis
Learning Experience
Poor execution. My principles of effective trading strategy was totally gone. I did not maintain discipline, focus and confidence level was lacking. The result speak for itself.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-27 09:53:00 | DKS | buy | $100.360 | long |
2021-05-27 10:02:34 | DKS | sell | $100.114 | 0 |
2021-05-27 10:05:43 | DKS | buy | $100.300 | long |
2021-05-27 10:07:10 | DKS | sell | $99.900 | 0 |
2021-05-27 10:10:03 | DKS | buy | $99.845 | long |
2021-05-27 10:11:03 | DKS | sell | $99.410 | 0 |
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