Grade=C
The setup: short the bounce
The result: I practiced adding to the position succesfully. I was a little too eager with scaling out and should have saved some for a longer run. Why? Because it had yet to get back down near its earlier lows and had only tested 32.00 once, so I should have been ready for some more movement.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-21 10:59:47 | GPRO | sell | $33.260 | short |
2015-09-21 11:05:19 | GPRO | sell | $33.200 | short |
2015-09-21 11:17:28 | GPRO | buy | $33.100 | short |
2015-09-21 11:22:07 | GPRO | buy | $33.110 | short |
2015-09-21 11:23:33 | GPRO | buy | $33.080 | 0 |
Thanks! After some losses in other trades I was eager to make this a no-lose trade and trailed my stop pretty tight which kept me out of the further gains.
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Not bad! I like the entry.