Grade=C-
P/L: +1.3R
Setup: short the bounce
Result: Got the move after 15 minutes and a bit of a drawdown that brushed right up against my hard stop. It tested my patience a little, and I was considering pulling the trade for a small loss, but I got the move and locked in gains at key levels on the 2m chart (setup was using 5m chart) because I was eager to make this a profitable trade and not push it too much. We were over the key level of 45 at my entry, so I liked the price, but I could have waited a few more minutes for a little more probability in the setup. However, I have missed good setups by waiting too long recently, so it seemed right to pull the trigger there.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-09 10:20:12 | SHAK | sell | $45.080 | short |
2015-10-09 10:41:18 | SHAK | buy | $44.890 | short |
2015-10-09 10:49:19 | SHAK | buy | $44.750 | 0 |
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