Shared by
AJL890
Hard time breaking the $14.25, should have reshorted my cover price for EOD flush.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-01-16 14:24:48 | CROX | sell | $14.500 | short |
| 2013-01-16 14:24:48 | CROX | sell | $14.500 | short |
| 2013-01-16 14:24:48 | CROX | sell | $14.500 | short |
| 2013-01-16 14:42:07 | CROX | buy | $14.310 | short |
| 2013-01-16 15:31:54 | CROX | buy | $14.310 | 0 |
Comments
AJL890
Well the idea was, it was near 30mins left in the market and i knew it would flush EOD like hte last 5-10mins, however, my potential cover spot was 14.10-14.11 quick one so from 14.25 ( a decent pivot point), im risking 6cents for possible 12cent gain or so, so I didnt want to give up gains and risk a b/e or even 5 cent gain as it wasn't worth it to me. Also it did come out of range. Where I made the mistake was that I didn't reshort it at 14.30-33 when it started flushing down again off the 20sma (my idea of EOD flush last 2 candles). So that's how I played it bro I did put lots of thought into it, cuz at the end of the day it triple tapped that .50 mark so I knew it wasnt going back up to .50 but given the time and risk reward I was just happy with the profit.
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Did you set your stop to the cover price of the first half on the 2nd half here?
I have been moving my stop to the price I opened the position on the last 1/2, or somewhere in between where there's some resistance.
So on this one, you could have put it at 14.47ish (9ema) and lock in a few extra pennies, and still be in for that last flush. Easy to say now after it's happened. Nothing wrong with your trade you got some profits!!! Good work