MU Trade on Oct 21, 2015 10:30 from ToqueX: Tradervue User Stock Trades.

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ToqueX

 

Grade=D
P/L: -1R

Entry: short the bounce. Was looking for continuation after the gap down.

Result: Stopped out. The stock was pretty stretched to the downside and the news from the previous day had been absorbed and it was ready to bounce. I think I should have read more about the news and considered what kind of long-term effect it might have on the company or if it was an overreaction.
I could have waited another candle for more confirmation on the short entry and that it wasn't really going to break 16.50 and carry on.


Execution detail:

Date/time Symbol Side Price Position
2015-10-21 10:30:21 MU sell $16.460 short
2015-10-21 10:45:46 MU buy $16.659 0


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