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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