Shared by
ToqueX
Grade=D
The setup: short the bounce
The result: Aargh. Not such a bad entry, but my hard stop took me out. I can either wait for an even better entry after some of the noise and possibly miss the trade, or have a wider stop and smaller position which would make my R/R look worse and possibly prevent me from taking this trade. Another option would be the mental stop with a little leeway for a spike over the 37.20 mark. Having a base of a few successful trades before this would help give me the confidence to be in control of a trade like this one where I had some things right.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-09-08 11:25:20 | GPRO | sell | $37.110 | short |
| 2015-09-08 11:27:03 | GPRO | buy | $37.150 | 0 |
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