Shared by
Constantine_BOWS
This stock seemed weak to me and my first short position was when EMAs started curling. I shorted it, the direction started to confirm, but after 20 minutes I was stopped out.
My mistake was not in selection of direction, but in my stubborness! When I was stopped out, I should take into consideration that it remounted 9EMA and VWAP, and there was no short entry after it. And if I was more attentive, I would have bought it, not sold.
Here my conclusion: Do not be a stubborn pig, be more careful. It was a very good stock that day, and I have had to earn money in it. Well, it is one more great lesson to me.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-07-15 10:46:35 | MJN | sell | $84.610 | short |
| 2015-07-15 11:03:18 | MJN | buy | $84.870 | 0 |
| 2015-07-15 11:28:15 | MJN | sell | $84.850 | short |
| 2015-07-15 11:48:44 | MJN | buy | $85.130 | 0 |
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Was a clean long on ORB http://prntscr.com/7ux7rs