Try #2
This one wasn't too bad I waited for it to clear the 7.1 to get in since that was the problem on the earlier trade. It did and gave me not quite 1r then turned around. Never gave me a chance to move stop. I actually used the tighter stop which it confirmed a few times retesting and holding. It even held with the big bounce on the congress news, I considered exiting there at break even at 7.09, but when it held in spite of the market thought it might actually go, but it finally gave up with the continued grind up on the market. With such a small stop it really needs to hit my targets to take it. Look at the M trade from today and you can see how I adjust at 90% of target but you can't do that for a nickel. I still like it lower but I guess it needs to absorb the big shock from yesterday.
Net: -.9r (-1.75r both trades)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-12-27 12:23:09 | MRVL | sell | $7.090 | short |
2012-12-27 15:22:24 | MRVL | buy | $7.150 | 0 |
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