This one was a decent idea from my old days at G6, but intraday momentum was already on the side of a buy, not a sell, so I should have known the probabilities were low and this was more of a gap fade day. Took it for .82R.
On a sidenote, this seems like a great example of a SMB pullback trade from Bellafiore's book The Playbook. If I had entered with that perspective long it would have been a great trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-07 09:43:05 | RPM | sell | $42.610 | short |
2015-10-07 10:01:13 | RPM | buy | $42.060 | short |
2015-10-07 10:09:34 | RPM | buy | $42.270 | short |
2015-10-07 10:09:34 | RPM | buy | $42.270 | 0 |
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