Shared by
tdktown
Rough morning. I liked this as kind of a mega gap. I got in quick and got stopped quick. It jumped on the entry in my favor and jumped on the exit against me about .10 both times. I don't have enough stats yet but so far the early 15 minutes in not good for me. I might consider sitting out the open. I need a few more trades to have a good data set but my personality is ok with the 1-2 hours trades and the quicky get to me emotionally a little.
Net: -1r
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-01-17 09:32:42 | CBS | sell | $41.580 | short |
| 2013-01-17 09:32:43 | CBS | sell | $41.610 | short |
| 2013-01-17 09:32:44 | CBS | sell | $41.600 | short |
| 2013-01-17 09:33:10 | CBS | buy | $41.800 | short |
| 2013-01-17 09:33:11 | CBS | buy | $41.790 | short |
| 2013-01-17 09:33:12 | CBS | buy | $41.780 | 0 |
Comments
tdktown
I never look at premarket except to see that it is a gap or not. This actually had some decent volume premarket but most don't. Lots of trapped traders with a 10% jump today. Had I not hit my max loss for the day I actually would have got in again on the 5' SS @$42.17. I would have hit tgt1 @ 1r and locked BE for the back part.
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Just an observation - 41.50 had emerged as a somewhat important price level in the premarket. Above that price, my bias was definitely to the long side...