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JRockTrades
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JPM is up around 70% from six months ago, but in a downtrend for the last few trading sessions. It was weak on the day, having sold off from around $160 at the open. It was wedging around the 158 level, which would normally be bullish, but the fact that it was so weak led me to think short. I was able to take a position with just .10 or risk, looking for a move of approximately $1 to the lows.
I meant to cover some shares into $157.65, but accidently added to my short position. In my defense, I was at Starbucks at the time trading from my phone. When I realized my mistake, I covered a large portion of the position at that price. Eventually price action was able to meet my profit targets and I fully covered into $157.
I was able to get 4:1 risk to reward on this one, which is my target.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-06-14 13:23:41 | JPM | -100 | $157.975 | -100 |
| 2021-06-14 13:36:08 | JPM | 30 | $157.860 | -70 |
| 2021-06-14 13:45:21 | JPM | -10 | $157.650 | -80 |
| 2021-06-14 13:52:20 | JPM | 50 | $157.639 | -30 |
| 2021-06-14 14:04:20 | JPM | 10 | $157.380 | -20 |
| 2021-06-14 14:20:01 | JPM | 10 | $157.210 | -10 |
| 2021-06-14 14:21:13 | JPM | 2 | $157.150 | -8 |
| 2021-06-14 14:27:45 | JPM | 2 | $157.030 | -6 |
| 2021-06-14 14:27:54 | JPM | 2 | $157.010 | -4 |
| 2021-06-14 14:27:59 | JPM | 4 | $156.960 | 0 |
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