Shared by
Constantine_BOWS
Seemed to me like an ORB here. Primary stop loss was at 20.40. Added to my short behind $20 level for a potentional break down. Stop placed at 20.28.
Covered half after it broke the resistance at 20$. Stop moved to entry for the rest.
Added more on a flag breakout at 19.54.
Put my stop at 19.71.
After it faded under 19.50 level moved my stop to 19.60.
Covered 200 shares after it flushed under the LODs. Stop moved to the 19.50.
Sold 100 share more right above the 19$ level. Stop moved to 19.20.
Risk/reward ratio: 1/5. Gain in %: +3.80%
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-08-20 11:13:56 | JKS | sell | $20.200 | short |
| 2015-08-20 11:21:15 | JKS | sell | $20.060 | short |
| 2015-08-20 12:24:17 | JKS | buy | $19.860 | short |
| 2015-08-20 12:45:10 | JKS | sell | $19.540 | short |
| 2015-08-20 13:27:09 | JKS | buy | $19.290 | short |
| 2015-08-20 13:48:48 | JKS | buy | $19.030 | short |
| 2015-08-20 13:57:53 | JKS | buy | $19.200 | 0 |
Comments
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You can get tighter entries. You essentially shorted on support, if you look at that second trade. Good work though on getting some juice out of it.