Grade=D
Swing
The setup: pullback
Entry: Buy above key level of 60 to hold the trend line.
The result: stopped out the same day. I don't like the entry. On the daily I think I needed a couple more days to watch it. On the intraday I should have waited for the price action to stabilize and flatten out a bit before making a decision considering I was already being kind of pre-emptive on this one. Furthermore, I could have decided to jump out of it early when the intraday price action went against me to the extent that it did.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-10 10:09:45 | XON | buy | $61.130 | long |
2015-08-10 11:42:28 | XON | sell | $58.200 | 0 |
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