not parabolic enough for a short entry, i know better, smh.. should have paid more attention to the 5 level on daily and saw how it was multitapping that intraday and should have played that bo instead like everyone else.. bad trade of the day award winner
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-01 12:31:09 | PACB | sell | $5.220 | short |
2015-10-01 12:58:24 | PACB | sell | $5.230 | short |
2015-10-01 13:18:03 | PACB | buy | $5.449 | 0 |
The setup on daily was PR breakout. Intraday you shorted a flag. I remember Kunal taught that PR and earnings gappers can run for 3 or more days in a row and you shouldn't really try to short them too soon. Parabolics are hard to catch. I remember Kunal saying that even he has a low win % on parabolics. He said he has only 30-40% win rate on them if I remember correctly.
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shouldn' t the intraday be for October 2nd like the daily?
try again next week, love parabolics