Grade=D
The setup: short the bounce, lower high
The result: Stopped out. It looks like an okay entry on the 2m chart from a bearish perspective, but I could have also considered that an uptrend could be forming after the initial profit-taking and washing out of weak longs at the open. The stock was still strong in the bigger picture, so for a countertrend trade, I think I should have had a stronger setup.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-23 10:13:00 | TRVN | sell | $12.420 | short |
2015-09-23 10:21:10 | TRVN | buy | $12.490 | 0 |
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