Grade=D
The setup: pennant, was unsure on the direction, but as things got tighter I went with the long to stay with the trend.
The result: I sensed a move coming as things were getting tighter. I could have either waited longer for more confirmation, but worse entry price and hopped back in after this failure. I cound it hard to read the direction here. It could have been better just to stay out, but playing the crack of 39.50 to the downside would have been effective.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-23 10:30:29 | FIT | buy | $39.750 | long |
2015-09-23 10:34:46 | FIT | sell | $39.690 | 0 |
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